Can the 0.600 level hold too ???? Let’s see, now at 0.61!
Sent: Thursday, July 23, 2015 9:43 AM
Subject: ******** Noble Group: Break down below temp 0.67 support, price 0.645
Subject: ******** Noble Group: Break down below temp 0.67 support, price 0.645
Following up from previous call, we have seen Noble breakdown below the temp support at 0.67 over the past few days and seems like heading towards the next support at 0.63 which was the low last month before staging a brief rebound. Range would likely be form 0.63 to 0.66 at the moment, note that any clearing of 0.625 – 0.63 sellers can see more weakness towards the psychological 0.600 level. All 3 moving averages are still pointing downwards with RSI also looking weak. Still a negative below the 0.67 – 0.70 level in the mid to long term so cautious long. CFD SELL to ride the downside futrher on a further breakdown. Moving below 0.600 can pave the way to 0.500.
Sent: Thursday, July 09, 2015 9:19 AM
Subject: ********* Noble Group: Break down below 0.700 again, more downside on market weakness, price 0.68
Subject: ********* Noble Group: Break down below 0.700 again, more downside on market weakness, price 0.68
Noble has traded back below the 0.700 psychological support level with temp support found at 0.675 for now which has been holding for about 3 weeks. Sell down seen on any slight rebound as it was unable to cross above the 0.75 resistance level. MACD AND Stochastic indicators are reversing downwards and there can be more weakness to 0.63 if the 0.67 buyers clear out as well. Longer term trend still downwards with 100 and 200 day MA line still pointing lower. CFD SELL FURTHER TO ride further below 0.675.
No comments:
Post a Comment