Wednesday June 2, 2004 - 04:41:21 GMT
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QIndex - www.qindex.com
Crude-Oil : Pulling Back to 37.45
Crude Oil (3-Month Projection) : The critical point of my 3-month projection profile is located at 42.19. The pattern of the probability chart suggests that the market has a tendency to trade between 39.03 - 45.35. The key quantized level is positioning at 37.45. The lower barrier is expected at 32.71 // 34.29. The upper barrier is located at 46.93 // 48.51. If the market retreats and trades below the key quantized level at 37.45, crude-oil has a good potential to penetrate through the lower barrier at 32.71 and the market will head for 29.55. In the mean time the market is going to vibrate around the critical point at 42.19 with an expected magnitude of 40.61 - 43.77.
... 29.55* ... 32.71* // 34.29 - 35.87* - (37.45) - 39.03* - 40.61 - 42.19* - 43.77 - 45.35* - 46.93 // 48.51* ...
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