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Dec 18

TECHNICAL ANALYSIS BY NSFX 18.12.2015

By:

High:  Low: 

Crude has been uneventful. Oil declined as predicated, but still 36.07 is holding and we need a break below it to prove the strength of the bearishness. 34.53 was the Monday low. Fibonacci of 113% and according to Fibonacci rules, the price will go towards 127.2% Fibonacci at 34.20.

R3
R2
R1
S1
S2
S3