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Sep 02

TECHNICAL ANALYSIS BY NSFX 02.09.2013

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The German index gapped up on the opening and now is struggling against the 55EMA in area 8230.  Above that level price could find resistance in area 8318. After 5 consecutive black candles today buyers are in control, however the market correction should not be considered finished. Price could test 800 and 7880 area before that long term investors will entry long in the market.

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