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, February 3, 2008

Sky Petrol 010208

Sky Petrol could not maintain its uptrend momentum and broke below the uptrend channel which I added on 25 jan. Sky Petrol even touched the 0.315 support on 31 jan, and broke below this support briefly on 1 feb.

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If the 0.315 support breaks, we may see Sky Petrol trading within the downtrend channel (low/mid pink --).

For monday:

Support @ 0.315 (light blue --), 0.310 (mid pink --), 0.300 (low pink --)
Resistance @ 0.335 (blue --), 0.338 (low blue), 0.345 (upp pink --)

Good Luck !!
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