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Jul 27

TECHNICAL ANALYSIS BY NSFX 27.07.2014

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The index still trading in the bullish channel generated 2 years ago and on its all time high as well. A brekout of area 2000 might probably lift the index to test the higher band of the channel. Below the 21SMA, now in area 1976, the index might fall to the 55EMA. The lower band of the channel is in area 1910. Only below the 200SMA, now 110 point from current price, the multiyear rally would be considered finished.

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R1
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