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May 15

TECHNICAL ANALYSIS BY NSFX 15.05.2014

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The index after it made on Tuesday a new all time high it retraced and today might test the 21SMA at 1880.4.  The first relevant static support is at 1850 and below there is the lower band of the bullish channel that started on May 2013.  A breakout above  1900 can lift the gauge to 1920.

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