Afren

Crude oil is in big trouble. Falling wedge broke down yesterday. IMO we should see further weakness in Afren. After 67 the next meaningful support is at 62. I don't have access to a postable crude chart.

uk.advfn.com/p.php?pid=chartscreenshotsh...gzyQ=&symbol=A%5EAPT

F4T

Confirmation on bullish engulfing pattern Friday and an RSI breakout. If it can break through that trendline at ~74 early next week we might get a higher low confirmed. Might be interest leading into the OPEC meeting later this week. It would be a gamble IMO to hold through it though.

Gamble it is then

13.75 looks like a good entry here.





F4T

Thanks for your chart, and please excuse this dumb question - but what gives you 13.75?

Thanks,
Anne

The 2009 low