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Jul 01

TECHNICAL ANALYSIS BY NSFX 01.07.2013

By:Nati

High:  Low: 

Major support and resistance lines drawn forming a long consolidating triangle from the high last July through the high in May of this year, and support drawn from lows in late 2011, early this year and last month. Following the high to low move, we see a retracement to the Fibo 50 level. Moving average levels of 100 could offer support in the near term. Resistance to the upside should a break above the recent Fibo test could see a target in the 95.40 area.

R3
R2
R1
S1
S2
S3