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Jan 16

TECHNICAL ANALYSIS BY NSFX 16.01.2014

By:admin

High:  Low: 

Oil has since August generally been on the offer, but has been supported by the 200-week SMA at 92.53, where bidders have re-entered and are now probing for a test of the 50-day SMA at 95.80-area, where the 50-day SMA coincides with the 61.8% Fibo retracement in the wave from April 13 lows to August 13 highs. Strong support at 91.20-area.

R3
R2
R1
S1
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S3