Email of the day (2)
"Could you recommend a good companies' literature to look at spread-betting on the Oslo index for a new hand. It seems a very strong economy to buy into any corrections.
"My family is from Christchurch so it certainly has been a week of taking stock of the important things in life."
Eoin Treacy's view Thank
you for this inquiry and let us extend our sympathies to everyone affected by
recent traumatic events whatever the cause.
Here
is a list of the OBX
Index's members ranked by weighting. I know that IG Index offer a number of
these shares as spread-bets and perhaps some other providers offer a similar
service.
Statoil
has been consolidating below the NOK150 area, which also marks the upper side
of its two-year base, since late last year. A sustained move below NOK140 would
be required to question medium-term upside potential.
DNB
Nor Asa, Norway's largest financial, remains in an impressively consistent
medium-term uptrend and found support near its rising 200-day MA a month ago.
It hit a new all time high three weeks ago and a sustained move below the MA
would be required to question medium-term upside potential.
Telenor
yields approximately 4% and remains in a relatively consistent medium-term uptrend.
It is currently rallying from lower side of a 9-month range and a sustained
move below the 200-day MA, currently near NOK88 would be required to question
medium-term scope for continued higher to lateral ranging.
Yara
International, which is a globally significant fertilizer company, encountered
resistance near NOK 350 from mid January and has now pulled back to test the
region of the January 2010 peak and the 200-day MA. A clear upward dynamic,
sustained for more than a day or two will be required to confirm support in
this area.