Friday, May 29, 2015

Noble Group - Breakdown of 0.800 support on top volume as mentioned 2 days back.

More downside? Congrats to those who already prepared CFD SELL positions in wait of today’s move. Let’s watch ! Now at 0.785

Sent: Wednesday, May 27, 2015 9:11 AM
Subject: ********Noble Group - Breakdown of 0.825 support seen, more weakness below 0.800, cautious long position, price 0.815, CFD SELL !
Noble Group has broken the 0.82 – 0.825 support level today on top 3 volume with huge sellers coming out. This can lead to a new phase of downside as it has been supported above this level for more than 2 months. CFD SELL to ride the downside further if the 0.800 psychological support does not hold too. Range would now be from 0.80 to 0.825 and as long as it trades below 0.85, still a negative in the short term. Long term MA line are still pointing downwards with stochastic also showing more weakness ahead. CFD SELL Below 0.83 – 0.85 now. Will average down CFD SELL further below on clearing of 0.795 – 0.80 support.

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