I think it will. Here is a chart of the Chinese PMI with the latest release highlighted.
Thus, buyers can speculate again the low risk entry offered by the shake-out on the daily chart:
Monday, April 2, 2012
Oil at monthly support
The May contract for oil has reached monthly support at 102.8.
Will it find reasons to bounce, or even continue the uptrend?
I think it will. Here is a chart of the Chinese PMI with the latest release highlighted.
Thus, buyers can speculate again the low risk entry offered by the shake-out on the daily chart:
I think it will. Here is a chart of the Chinese PMI with the latest release highlighted.
Thus, buyers can speculate again the low risk entry offered by the shake-out on the daily chart:
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3 comments:
Is that means ES will up soon?
Tony
I think the PMI today is pivotal.
Until then, I am starting to lean towards a scenario with a rise to 1450.
Thanks and GL always!
T
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