I like using the 13 weekly EMA as a bull/bear line, and Noble broke that line and also has weakening relative strength. A head and shoulder is also forming on the daily. My trade plan is as follows; I am in with a 36/40 call credit spread for $.40, I am out if NE breaks $35. If/when the neckline breaks I will place a $30/25 Feb debit put spread, close at the measured move.
www.arum-geld-gold.blogspot.com
