Since the weekly OBV had confirmed the previous high and because of the attractive yield I stuck with the position.

FORBES: Managing Risk & Protecting Profits

Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.

BBC: Ireland 'close to oil billions'

On Thursday, the yield dropped below its prior low (point 1), which confirmed the break of the uptrend.

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