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24
TECHNICAL ANALYSIS BY NSFX 24.02.2016
HIGH: | LOW:
The break highlights the potential for a further retracement. 34.25 resistance level proves tough for oil to challenge.The price shows slight bearish bias affected by stochastic negativity, which supports the continuation of the expected bearish trend.
24
TECHNICAL ANALYSIS BY NSFX 24.02.2016
HIGH: | LOW:
Gold has exploded since breaking through 1130.00. 1205.00 is providing support. The main trend is up according to the chart. We do not think that recent decline in gold prices means that the rally is over.
24
TECHNICAL ANALYSIS BY NSFX 24.02.2016
HIGH: | LOW:
EUR succumbed to renewed selling pressure after a brief pause having recoiled from trend line support-turned-resistance set from mid-March. The pair is trading in the structure of a declining wave to the refinement of the level of 1.0900.