Noble has cleared the 1.08 resistance level after breaking below it since early December last year. Have tested 1.10 which would be a psychological level to watch… a break above 1.10 can pave the way to 1.15 fast… Top 10 volume seen currently on breakout…. Can average up if the 1.10 clears out.
Stop loss at 1.065.
NEWS – 5TH MARCH 2014
*Noble: Confirmed that it is currently engaged in discussions in relation to a potential JV around its agri business. A deal, if it materializes, is estimated to be worth potentially US$1b, with China agri giant, COFCO tipped by media as the potential buyer.
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