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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:admin

High:  Low: 

Since July, the black gold has been trading in a $10-range, $102-112, and currently we are in the middle of that. Intra-day, the 50% Fibo retracement in the wave from 103.52-112.22 provides support at 107.86, where if broken would open up for a test of 107.57 before 106.85. Upside, 108.90-area provides resistance before the 110-level.

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