Sent: Wednesday, 11 February, 2015 11:18 AM
Subject: ****************** Ezion: Breaking below 1.20 on weaker OIL prices.... Downside possible below 1.20... price 1.19
Subject: ****************** Ezion: Breaking below 1.20 on weaker OIL prices.... Downside possible below 1.20... price 1.19
Ezion has broke below the psychological 1.20 support which as holding for about 3 weeks today with 20 day MA line finally looking at a reversal downwards. As long as 1.20 is a resistance there can still be more weakness specially if oil price retraced further. TARGET CAN be to 1.14 then 1.10. Stochastic and RSI indicator reversing downwards after the upward movement seen OVER THE past 2 months. Careful long positions. CFD SELL to ride any downside possible.
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