TECHNICAL ANALYSIS BY NSFX 30.09.2016
High: 1,325.12 Low: 1,319.28
The commodity is making lower highs but it is still trading above its 200SMA. Beneath the 38.2% Fibonacci retracement the commodity could test the 200SMA, in area 1,290. The static 61.8% Fibonacci level is at 1,265. A breakout of the medium term demand line can lift the shiny metal to 1,378 and then to 1,400.