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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 06.03.2016
HIGH: | LOW:
The commodity made a breakout of the medium term supply line and may test soon area 43.8. Above this static resistance the commodity could rise to area 46.5 and then test another static resistance in area 48.1. Beneath 35.8 Brent may test the bullish trendline generated from its 2016 low and then below this dynamic[...]
TECHNICAL ANALYSIS BY NSFX 06.03.2016
HIGH: | LOW:
On the weekly chart the commodity made a breakout on the higher side of the symmetrical triangle and it may test area 1310. In case the positive trend should continue the shiny metal can test its 200 week MA in area 1,340. The most important resistance of this short term trend could be long term[...]
TECHNICAL ANALYSIS BY NSFX 06.03.2016
HIGH: | LOW:
The rate may develop a trading range between 111.06-114.83. A breakout above the higher side can lift UsdJpy to test 118 and then the short term supply line that is overlapped on the 200SMA in area 119.85. Beneath 111 the pair can slide to 105 and then to 104.8 to test the 200 week moving[...]