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Aug 21

TECHNICAL ANALYSIS BY NSFX 21.08.2013

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A distribution trading environment below the 55EMA is the current market behaviour that could lead the American gauge to test the dynamic support in area 1625.  1600 is a key area where market forces will increase price spikes and volatility.  Breakout traders will come back only above 1661, a level that is the top of two consecutive trading session.

R3
R2
R1
S1
S2
S3