Short term view - BOURBON : The major resistance has been reached, it causes the fall.
The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :
- The major support is close.
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
Bourbon provides offshore oil and gas marine services to clients worldwide, a range of vessels and subsea services. Co. provides its clients with marine resources and equipment and offers them integrated contracts which include: the provision of IMR vessels and underwater robots operated by Co.'s personnel, as well as engineering and management services. Co. is structured around two divisions: Marine Services and Subsea Services. Marine Services provides vessels for exploration, development and production of fields in continental and deepwater offshore. Subsea Services uses Co.'s vessels in installation, inspection, maintenance and repair operations for deepwater offshore facilities.
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