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Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Strong July downtrend; downtrend since April
  • 20-day MA been a hindrance since late April
  • RSI & Stochasctis bounced from oversold
  • Momentum still negative

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

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Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Downtrend since Jan 14yr highs
  • Price broken above 20 and 50-day MAs
  • Volume trailed off on bounce
  • Stochastics close to topping out
  • RSI back at 6-month highs
  • Momentum positive and rising

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Sideways since Jan
  • Break above key 435p level
  • Yet to clear 200-day MA
  • Volume waned on rebound
  • Stochasctics & RSI rebound from oversold
  • Momentum back positive

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Downtrend since Feb
  • Break back above 1400p
  • 50-day MA a hindrance since early April
  • Stochastics & RSI rebound from oversold
  • Momentum regained neutral
  • Directional indicators moving towards bullish cross

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Strong 12-month downtrend
  • Double resistance around 410p
  • tends to test 20-day MA before retreating

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • 6-month downtrend from all-time highs
  • 50-day MA held price back since April
  • Stochastics recovered to neutral from oversold
  • Momentum regained neutral

Solid Green line
Possible support

Solid Red line
Possible resistance

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Strong 2015 downtrend
  • Stochasctis & RSI stuck in oversold
  • July plunge makes technical analysis tricky

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • 2yr downtrend;
  • Broke down from falling channel in August
  • Falling 2014-15 lows likely to serve as resistance if 540p tested
  • Stochastics & RSI recovering from oversold
  • Momentum regained neutral
  • Directional Indicators pointing towards bullish cross

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Sideways over last 2 years
  • 200-day MA proved key over last 12 months
  • Remember Governemnts breakeven price of 73.6p
  • Stochastics bounced back above neutral from oversold
  • Momentum recovered to above neutral
  • MACD crossed back above neutral from oversold

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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