Noble Group initially broke the downtrend resistance (upp pink) and 1.27 neckline (green --), and also tested the uptrend resistance (upp blue). However, things took a dramatic twist after lunch and Noble Group reversed to test the 1.21 support (blue ...), closing just above the major supports.
As you can see from the chart, Noble Group just about maintained trading within the uptrend channel (blue). However, the 1.21 could be crucial for Noble Group as we can see that the long term downtrend support (low red), and uptrend support (low blue), meets there.
If the 1.21 support breaks, we may see Noble Group trying to hold its ground at the 1.20 level, where the long term downtrend support (low red) meets the downtrend support (mid pink).
If Noble Group can hold onto these 2 supports, we could see it try to establish a base by trading sideways between 1.20/1.21 and the 1.25 resistance (blue --). At most, Noble Group could test the 1.27 neckline (green --).
For monday :
Support @ 1.21 (low blue, low red, blue ...), 1.20 (mid pink), 1.18 (red --), 1.16 (upp green), 1.15 (low pink)
Resistance @ 1.23, 1.25 (upp pink, blue --), 1.27 (green --), 1.305 (upp red, upp blue)
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