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 27, 2008

Sky Petrol 250408

After testing the 0.375 resistance level (red ...) twice on 23 and 24 apr, Sky Petrol softened today, tested and closed right on the 0.360 support (mid red, mid red --, pink ...).

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If Sky Petrol can open above these supports on monday, there's a chance it might test the downtrend resistances (upp red, upp red --) next week.

If Sky Petrol breaks the uptrend support (mid blue), we might see it testing the 0.345 support (blue --).

For monday :

Support @ 0.360 (pink ...), 0.357 (mid red, mid red --), 0.356 (mid blue), 0.349 (low blue), 0.345 (blue --)
Resistance @ 0.375 (mid red --, red ....), 0.3765 (upp red), 0.385 (upp blue)

Good Luck !!

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