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Mrz 27

TECHNICAL ANALYSIS BY NSFX 27.03.2016

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The commodity on the weekly chart rose consolidated above its 21SMA weekly. The most relevant thing however is the breakout of the long term supply line generated on June 2014.  The commodity may test 53, 67 and then 70. In case of a retracement below 36 UK Brent should test again area 27  but beneath this level the commodity may slide to 20.

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