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.

Wednesday, January 2, 2008

Sky Petrol 020108

Short-term wise, Sky Petrol looks to be trading within the uptrend channel (blue).

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However, looking at the chart, we can see that in the long term, Sky Petrol still looks to be on the downtrend (red and purple). Moreover, volume hasn't even been anywhere near the 50m mark.

For tomorrow :

Support @ 0.460 (critical), 0.425 (purple and red converge), 0.410
Resistance @ 0.477 (middle blue and red converge), 0.505 (upper blue)

Good Luck !!

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