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.

Sunday, January 20, 2008

Sky Petrol 180108

Although Sky Petrol managed to close above the downtrend channel (pink), it is still quite some way off the previous support of 0.465 where it was free-falling from.

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The difference from the support (0.465) to the peak (0.68) is 0.215. So on theory, Sky Petrol could still hit a low of 0.250.

For monday :

Support @ 0.350 (upp pink), 0.335 (blue - -), 0.315 (light blue - -, low red - -)
Resistance @ 0.374 (upp red - -), 0.3907 (upp pink - -)

Good Luck !!
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