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Technical Analysis
Feb
29
TECHNICAL ANALYSIS BY NSFX 29.02.2016
HIGH: | LOW:
Upwards movement above 33.60 invalidated last week’s US Oil Elliott wave count. Oil tried to rise through 55 days but failed so far. Trading below 34.20 forces us to be neutral, while trading above 32.15 is positive, targeting 34.20.
29
TECHNICAL ANALYSIS BY NSFX 29.02.2016
HIGH: | LOW:
It looks set to visit further lower territory down to around 1217.17 - 1209.44. Gold is likely to find continued support in the near term. Looking for further drop to 1180.00 & 1135.00 potentially.
29
TECHNICAL ANALYSIS BY NSFX 29.02.2016
HIGH: | LOW:
EURUSD could continue to develop the structure of the figure of continuation on the breakdown of the level of 1.1030.The pair has moved lower and took out the lows from yesterday in the process.