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Jul 11

TECHNICAL ANALYSIS BY NSFX 11.07.2013

By:Nati

High:  Low: 

On the weekly chart we observe a wedge forming and the level of support offered with the 200 week SMA saw a move over the last two weeks of nearly 10 USD per barrel. The 50 & 100 week SMAs could offer resistance in the short term. Should these levels be taken out a test of 111.50 area could be a possibility.

R3
R2
R1
S1
S2
S3