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, April 13, 2008

Sky Petrol 110408

After breaking the 0.345 resistance (blue --) on 8 apr, Sky Petrol seem to have weakened but still managed to bounce off the 0.345 resistance turned support (blue --).

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Sky Petrol could trade sideways next week. If Sky Petrol doesn't break the 0.345 support (blue --), there's a good chance it may test the 0.365 resistance (pink ...) again.

If the 0.345 support (blue --) breaks, Sky Petrol may revisit the 0.315 support (light blue --).

For monday :

Support @ 0.338 (low blue), 0.345 (blue --), 0.331 (low red, low red --), 0.315 (light blue --)
Resistance @ 0.350 (upp blue, mid blue), 0.358 (upp red), 0.365 (pink ...)

Good Luck !!
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