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Master Che
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I developed my own trading system, based on magnetism (physics) and velocity vectors...I find the center of the compression, and factor time with volume which determines the outward velocity vector (linear expansion) thereby predicting price and time. I have a market update service and I manage... More
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  • BNO 0 comments
    Jan 31, 2012 3:54 PM

    1/31/12

    BNO: (United States Brent Oil Fund)

    Far more bullish than USO

    Currently it's flirting with a major break-out

    As such 77.39 is the break-out level on the 7 day chart

    In addition we have a clear cut bottom pattern from 12/16/11

    Which is pointing up to 82.45; 75.50 is the pivotal support for the pattern

    On any move up 80.25 is the key resistance pivot and another at 83.30

    There's no question that BNO reaches 96.10 to 101.50

    The only question is when, meaning we dip one more time or break-out now

    IMO we dip beforehand down to 72.99 to 73.50

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