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May 02

TECHNICAL ANALYSIS BY NSFX 02.05.2014

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Yesterday the index closed off its intraday low and is trading just above the supply line generated from the all time high made the 4th of April. Is likely a test of 1900 and a breakout can lift the index to 1960 area. In case of a retracement the first relevant support would be 1850. Below this area the index could test the bullish trendline that links higher lows that was generated on July 2013.

R3
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R1
S1
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S3