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Sep 20

TECHNICAL ANALYSIS BY NSFX 20.09.2013

By:Nati

High:  Low: 

After hitting an all time high of 8770 during yesterday's session the index corrected somewhat by 90 pips. Resistance now lies in the region of 8750 with probable support around 8600, before 8550 can be tested. A close below this level at 8550 could see more bearish momentum take hold. The trend-line on the 4 hour chart may be offering support going forward.

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