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Sep 25

TECHNICAL ANALYSIS BY NSFX 25.09.2013

By:admin

High:  Low: 

Crude has taken a beating for the last four days in a row, not able to find bidders before the August lows around 102.25-area, coinciding with 38.2% Fibo and 100-day SMA. We expect a correction higher at these levels with oscillators also being in oversold territory. Should the black gold close below the 100-day SMA, this would open up for a sub-100 levels once again.

R3
R2
R1
S1
S2
S3