Sky Petrol broke out above downtrend resistance a on 4 dec during closing (closed @ 0.460) with volume.
On wed 5 dec, Sky broke out above uptrend resistance c with volume, but failed to hit resistance of 0.515.
We see alot of people trapped @ 0.515 and higher on 6 dec. Since Sky did not break the longterm resistance trendline d, there could be some selling this week, especially since it had broke down from the support of 0.515 (closed @ 0.490 on fri).
Short-term wise :
Mon (support @ 0.470, resistance @ 0.505)
Tue (support @ 0.448, resistance @ 0.482)
We should see support @ 0.415 as this was the price Sky broke up from on 3 and 4 dec.
Good Luck !!
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