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Aug 08

TECHNICAL ANALYSIS BY NSFX 08.08.2013

By:Nati

High:  Low: 

Yesterday's session saw a test of the supporting trend-line making a new low for the month before buyers saw it close above the new Fibonacci 23.6% level. This area in the 149.10 area could be seen as short term support today, with a resistance at the 38.2% level of 150.10. If the support is broken we could see a retest of the support level from yesterday. A more recent resistance can be seen above the 50% level, and could prove interesting if buyers show an interest up to that point.

R3
R2
R1
S1
S2
S3