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Dec 11

TECHNICAL ANALYSIS BY NSFX 11.12.2013

By:Nati

High:  Low: 

On the 30 minute chart we see the 200 period SMA and the 38.2% Fibonacci in the 140.70 region, this could offer support and a possible end to the correction taking place. It coincides with the 38.2% Fibonacci level on the daily chart drawn through the low on the 5th of December to the high yesterday. If this level of expected support is broken the 140 figure could then come into play again.

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