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Jul 13

TECHNICAL ANALYSIS BY NSFX 13.07.2014

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High:  Low: 

The index still trading in the channel that was generated last summer. If profit taking will pull down the price 1930 area should be the first relevant area. If the gauge should fall below the lower band of the channel, that now is overlapped with the 200SMA, selling pressure should be severe. In case buyers will lift the index above 1975 is likely a test of the psychological area 2000.

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