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Jul 09

TECHNICAL ANALYSIS BY NSFX 09.07.2013

By:Nati

High:  Low: 

Trading range within a wedge trend from high on February 2012 through weekly high in February 2013 and through lows June 2012 and April this year. Short term we could see resistance at the 50 week SMA level at the 109 USD per barrel. The 200 week SMA could be a longer term support level should recent interest in the 104/105 area not hold as support.

R3
R2
R1
S1
S2
S3