31.07.2015 - Halliburton can change a negative trend to a positive
The price of Halliburton broke through the upper limit of the downward channel but after reaching the resistance level at 43.40, started to correct upwards. The breaking of this resistance will be the basis for opening long positions with the upside potential to 44.80 and 48.30. Fall of price is limited by the psychologically important support level at 40.00. We expect price decline in the near future, and to determine the medium-term price direction we need additional signals.