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Feb 02

TECHNICAL ANALYSIS BY NSFX 02.02.2016

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The technical strategy is oil failing to push past first key resistance zone at 34.25/bbl. Oil trades in a very sensitive level near 23.6% Fibonacci and moving average 20 at 33.00. Momentum is higher with the MACD index printing.

R3
R2
R1
S1
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S3