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.

Saturday, March 1, 2008

Sky Petrol 290208

Sky Petrol formed a Gravestone Doji on 27 feb, and the confirmation of a downtrend came on the next day when Sky Petrol gapped down and closed even lower. The Gravestone Doji represents the graves of the bulls that have died defending their territory.

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Sky Petrol continues to trade within the downtrend channel (red). We should see it testing the 1st psychological support 0f 0.335 very soon, maybe even on monday.

For monday :

Support @ 0.335 (blue --), 0.333 (low red), 0.315 (light blue --)
Resistance @ 0.360 (mid red), 0.375 (upp red, low green)

Good Luck !!
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