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Oct 28

TECHNICAL ANALYSIS BY NSFX 28.10.2015

By:

High:  Low: 

As we can see on the H4 chart, a support area at 43.50 has now gone. Oil remains in the $43s, and the outlook is now bearish. The first target has already been hit, and we have just entered the zone for the second target at $42.76.

R3
R2
R1
S1
S2
S3