Noble Group: A Breakdown Spotted Over the past few days..... more weakness?

More downside still? Can the 0.45 support hold too as mentioned to clients previously?

Sent: Tuesday, September 15, 2015 9:15 AM
Subject: ******** Noble Group: Broke the 2 weeks temp support level, price 0.495

Noble may find a temp support from the 0.45 – 0.46 level currently, however, may still be weak as long as it stays below 0.500 now. CFD SELL can be used to ride any downside further if 0.45 buyers clear out, cautious long. Target to 0.400 first if 0.45 fails again, as mentioned yesterday with down trend taking control again on strong volume support break down spotted yesterday.

Sent: Monday, 14 September, 2015 9:17 AM
Subject: ******** Noble Group: Broke the 2 weeks temp support level, price 0.495

Following up from previous cautious call, note that we have indeed seen a breakdown below the 0.50 – 0.51 level today on strong volume which can put an end to the 2 weeks consolidation phase. Downside to 0.44 then 0.40 now, CFD SELL positions can be used to ride any weakness from here again. Staying below 0.50 – 0.51 now would be a short term negative and we can start to see it retrace downwards again, cautious long position. Mid to long term dominant trend still pointing lower still.