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Jan 13

TECHNICAL ANALYSIS BY NSFX 13.01.2014

By:Nati

High:  Low: 

Last week saw 1.42 offering support but today sees it finally give way to possibly open a est of the 141.00 level. Resistance now expected in the 142 support turned resistance area. Should we see prices fall below the 140 figure area the bullish trend may be losing momentum as this would signify a retracement back below the 32.8% Fibonacci level drawn from the November '13 low to the recent high on the 27th of December.

R3
R2
R1
S1
S2
S3