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Sep 18

TECHNICAL ANALYSIS BY NSFX 18.09.2013

By:

High:  Low: 

The gauge is developing trading activity near the resistance in area 1710. This is a bullish pattern because the index did not close the gap during the latest 3 trading session. Volatility however might increase during the trading day and the ATR could spike up from current low level.  First target 1730, likely to see an increase of selling pressure just below 1685.

R3
R2
R1
S1
S2
S3