2008-06-05

Airline sector

Airline sector compared to price of Crude oil: Similar to $USD, airline sector $XAL trading against the price of crude oil.


Airline sector technical analysis:Raise in $XAL is almost complete. Note the two lines are NOT parallel, so the figure may be a wedge instead of channel. In case of wedge, we may see price raise, but I do not think so, because there are resistance on $21.40, then on $23.49, then on $24.99...

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