/ 

Nov 05

TECHNICAL ANALYSIS BY NSFX 05.11.2015

By:

High:  Low: 

As we can see on the D1 chart, oil is currently trading at 47.06. Moving averages are positive with stability above 46.70. It now looks as if the market is reaching towards the 48.00 level, and then perhaps the 50.00 level above there as the bullishness looks like it is picking up.

R3
R2
R1
S1
S2
S3