Noble Group 311008

Noble Group's ups and downs have always been dramatic.However, remember that what goes up quickly, will also come down quickly.

Noble has now broken the long term downtrend resistance (low green), and closed just on the downtrend resistance (low blue).

Any more upside would probably be limited to 1.09 (low red, upp blue). If this breaks, next resistance is at 1.20 (red --).

Don't be surprised if Noble decides to fool everyone by retreating to the 0.875 level (blue ...) or even the 0.795 level (pink --).



For monday :

Support @ 1.03 (blue --), 1.01 (low blue), 0.985 (upp pink), 0.965 (green --), 0.932 (upp green), 0.875 (blue ...)
Resistance @ 1.11 (low red), 1.133 (upp blue), 1.20 (red --)