Wednesday, October 7, 2015

Noble Group: Heading back towards key 0.38 support as mentioned.....

Will this hold still? Cautious long below…..

Sent: Thursday, October 01, 2015 11:54 AM
Subject: ********* Noble Group: Consolidation below 0.44 - 0.45 support turned resistance now, still bearish below it, cautious..... price 0.42
Since the breakdown over the past few days, we have seen Noble Group consolidation phase come lower from 0.38 to 0.44 now. Has been trading below the downward sloping channel resistance line all along firmly with dominant downtrend still in place. As long as 0.44 – 0.45 is a resistance now, still a negative where we may expect a move back to the recent low at 0.38 where it can attempt to breach a new low again with target to 0.34 then 0.30. CFD SELL positions be prepared.

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