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Dec 16

TECHNICAL ANALYSIS BY NSFX 16.12.2015

By:

High:  Low: 

Oil declined, forming a long black candlestick pattern that canceled the positivity and thus, further downside actions is now awaited below 36.00 levels. The fall below 38.00 has invalidated the bullish consolidation pattern that appeared to develop from March to October.

R3
R2
R1
S1
S2
S3