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Nov 06

TECHNICAL ANALYSIS BY NSFX 06.11.2015

By:

High:  Low: 

As we can see on the H4 chart, oil price returns to be confined between the MA50. The price declined, but prices have been trapped between moving averages. The market looks as if the sellers are not quite ready to go away at this point in time.

R3
R2
R1
S1
S2
S3