Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Tuesday, December 18, 2007

Sky Petrol 181207

Sky Petrol broke down from its support of 0.460 on 17 dec and closed right on the down trend support @ 0.430.

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Today saw Sky Petrol opening right on the support (0.420) before closing just above the downtrend support (green dashed) @ 0.450

Sky Petrol should still be trading within the downtrend channel (red, green dashed) unless it breaks above the downtrend support (green dashed) and 0.460 tomorrow with volume.

For tomorrow :

Support @ 0.410 (red) and 4 dec low.
Resistance @ 0.440 (green dashed) and 0.460 (red dashed)

Good Luck !!
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