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Aug 20

TECHNICAL ANALYSIS BY NSFX 20.08.2013

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If today the USA500 will close in red would be the fifth consecutive black candle. A scenario with low probability. Statistically, a cover short position day might occur. It is clear that the first target of this market correction in a low volatility environment is very close:  area 1630.  Below short sellers and triggered stop losses can send price down with a different speed  to 1563. A white candle that closes above 1658 could bring day traders to test area 1675.

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