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Jul 21

TECHNICAL ANALYSIS BY NSFX 21.07.2014

By:

High:  Low: 

The index found support on the 55EMA and might test the higher band of the bullish channel. 2000 area is a significant psychological resistance and a breakout above this level could lift the index to 2030 then to 2070. Below the 55EMA  there is 1900 static support and then there is the lower band of the channel that in this moment is overlapped with the 200SMA.

R3
R2
R1
S1
S2
S3