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Oct 12

TECHNICAL ANALYSIS BY NSFX 12.10.2014

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The Index is developing a trading range area considering that the channel that was generated 2 years ago was broken on the downside. Now the index trade below the 200SMA as well. Below the 1893 support the gauge might test 1849 and then 1810 as a short term key levels. Above 1928 there will be the condition for momentum trading and could be make a pullback of the lower band of the channel in area 1986.

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