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Jul 01

TECHNICAL ANALYSIS BY NSFX 01.07.2013

By:Nati

High:  Low: 

On the weekly chart we see a wedge formation, which could see a trading range between the 50 & 100 weekly SMAs, supported by the 200 weekly SMA. Support of 101.50 has been tested today. Last week's high of 103.40 could be an interesting level if reached, but there is strong resistance in the 102.60 area and possibly a lot of interest at that level as it offered a strong level throughout May.

R3
R2
R1
S1
S2
S3