Sent: Tuesday, December 16, 2014 10:57 AM
Subject: ************************* Noble Group: Testing 1.10 psychological support now, price 1.095 , CFD SELL on a further breakdown.
Subject: ************************* Noble Group: Testing 1.10 psychological support now, price 1.095 , CFD SELL on a further breakdown.
As per trading call yesterday, noble has traded lower at tested the 1.10 support level. Be careful of a further breakdown below 1.10 psychological support though. Any huge throwing seen at 1.09 – 1.095 can lead to the next wave of downside that can see it trade to 1.05 then 1.00 as mentioned yesterday. Cfd sell positions can be used again to ride the downside while lowering buy stop loss level. Both Stochastic and RSI trending down even stronger on today’s price actions but more confirmation needed on a clear breakdown below 1.10 support.
Sent: Monday, December 15, 2014 9:47 AM
Subject: ************************** Noble Group: Broke recent 1.145 low again, more downside Likely below it, price 1.13 - CFD SELL
Subject: ************************** Noble Group: Broke recent 1.145 low again, more downside Likely below it, price 1.13 - CFD SELL
Noble has broken the 2 weeks low of 1.145 today on TOP 20 volume in a further sign of weakness... Note that this can pave the way back to the 1.10 – 1.11 temp support level. Any throwing below 1.10 support can see it go down more to 1.05 then 1.00. Cautious long positions. Descending triangle pattern spotted which can suggest some weakness with 20 DAY MA also firmly trending lower. As long as 1.15 stays as the new resistance, we are still short term bearish can to hold CFD sell positions. Will add more SELL positions on further breakdown below 1.10 support.
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