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Jan 19

TECHNICAL ANALYSIS BY NSFX 19.01.2016

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High:  Low: 

Oil has entered free-fall zone following the breakout below 29.60 – 29.65 at 161.8% Fibonacci as seen on the provided chart. The price can fall deeper than anyone expects. Oil chart is in type of building wedge, it could lead to prices corrections over 50.00.

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