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Dec 23

TECHNICAL ANALYSIS BY NSFX 23.12.2015

By:

High:  Low: 

Oil traded within a tight range, but the range resides below moving averages 20 and 50. The medium term bear pressure continues on oil and has turned into a slow drip of losses now, however this does not mean to say that the moves are exclusively lower.

R3
R2
R1
S1
S2
S3