Sky Petrol 230508

After testing, and failing to break, the 0.375 resistance (red --) and 24 apr, Sky China Petrol went downtrend from 25 apr onwards, breaking the 0.345 support (blue --) and 0.330 support (light blue --).



Sky China Petrol managed to find support at the 0.315 support (green --) and also formed a Gravestone Doji on 22 may when it closed right on the downtrend support (mid red).

Since the trend prior to the Gravestone Doji was a downtrend, we could see the start of a trend reversal. For that to happen, Sky China Petrol would have to continue to trade with the uptrend channel (blue) and also break the 0.330 resistance (light blue --).

For monday :

Support @ 0.320, 0.318 (low blue), 0.315 (green --), 0.314 (mid red)
Resistance @ 0.330 (light blue --), 0.333 (upp red), 0.335 (upp blue), 0.345 (blue --)

Good Luck !!