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Aug 15

TECHNICAL ANALYSIS BY NSFX 15.08.2013

By:

High:  Low: 

The main American index probably will test area 1675: a coincidence of the 200 SMA on the 4 hours time frame charts and the lower band of the channel.  Below the channel a more severe market correction might occur with support areas at 1653 and then 1600. As was stressed during the week, area 1700 must be consolidated if price wants to reach higher targets.

R3
R2
R1
S1
S2
S3