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Tuesday, October 13, 2009

Cnooc and Petroch

Petroch Weekly Chart

Petroch (0857) is at the upper boundary of an ascending triangle. Watch out for possible breakout.


Cnooc Weekly Chart

Cnooc (0883) has broken out. Next resistance at 12.30 and thereafter 13.00.

Disclosure: Long in Petroch and Cnooc CW.

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