Seems like it is heading to our support at 0.64. Did you manage to get in on time to profit on the downside last week too ?
Sent: Tuesday, June 09, 2015 9:36 AM
Subject: ******Noble Group - Supported above 0.685 dangerously, more downside below, cautious, price 0.685
Subject: ******Noble Group - Supported above 0.685 dangerously, more downside below, cautious, price 0.685
Noble is dangerously trading above the 0.685 temp support level that has held for about a week with range resistance to 0.725 now. Note that any further clearing of 0.68 – 0.685 temp support level can pave the way lower to 0.64 then 0.60 with all 3 moving averages still pointing lower firmly. Macd momentum indicator also looking at more downside with selling momentum still strong on any slight upticks. CFD SELL can be used to ride the downside further on a further breakdown. Cautious long positions.
Sent: Wednesday, June 03, 2015 4:53 PM
Subject: *******Noble Group - Some technical rebound expected near the 0.700 psychological support level., price 0.725
Subject: *******Noble Group - Some technical rebound expected near the 0.700 psychological support level., price 0.725
Following up from previous call yesterday, support at 0.75 did not seem to hold and Noble is now trading near to the 0.700 psychological support level. Range is now lower from 0.70 to 0.75 and we can see a soft technical rebound from the 0.700 level before a clearer direction. Would be good to cover back some of the CFD SHORT positions for noble around this level too given the sell down over the past few days. Longer term trend still downwards with some short term rebound expected. Any further breakdown below 0.700 can see more weakness WITH MORE cfd sell positions to ride.
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