Tuesday, July 19, 2011

CL on 19-July-2011


CL outlook:
Daily Chart: Consolidation.
Short term (1 Hour Chart): Bullish, towards 97.50
If managed to break above 97.75, then CL might go all the way to 99.20-40 resistance area.

Favour Short upon reaching 97.50, or 99.20 resistance.

Target exit at support 96.00, 94.50, ultimate 93.55-93.35 major support.

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