Noble Group 171108

Noble Group once again keeps everyone on their toes (and guessing) by closing right on the 0.965 support/resistance (green --) today. However, as you can see from the chart, Noble Group is still trading within the uptrend channel (blue).

The 1.02 resistance (blue --) still remains a formidable, but not impossible, block for Noble Group to overcome.

If Noble Group can remain trading within the uptrend channel, and above 0.955 (mid pink meets low blue) ideally, we could see Noble Group knocking on the 1.02 resistance in no time. If that happens, we could see Noble Group go on another one of its dizzying runs, just like it did on 28 oct. However, don't forget that its falls are equally scary - just look at 14 oct and you should know.

Either way, be prepared for another roller-coaster ride!



For tomorrow :

Support @ 0.965 (green --), 0.955 (low blue, mid pink), 0.900 (red ...), 0.855 (blue ...), 0.833 (low red), 0.822 (low pink), 0.795 (pink --)

Resistance @ 0.965 (green --), 1.02 (upp pink, mid red, blue --), 1.05 (upp blue), 1.08 (pink ...)