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.

Tuesday, December 9, 2008

Noble Group 091208

Noble Group broke the downtrend resistance (upp pink) and tested the 1.01 resistance (blue --) for the 2nd time today. Volume done today was more or less about the same as the last few weeks. Most trades were done at 1.00 with about 70% buying up.

If Noble Group manages to stay above the 0.965 support (green --), we could see it attempt to break the 1.01 resistance (blue --) again this week.

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For tomorrow :

Support @ 0.995 (blue ...), 0.965 (green --), 0.955, 0.935 (low red, upp pink, red --), 0.910 (pink ...)
Resistance @ 1.01 (blue --), 1.025 (upp blue), 1.04 (green ...), 1.045 (mid red), 1.08 (pink --)
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