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Jul 02

TECHNICAL ANALYSIS BY NSFX 02.07.2013

By:admin

High:  Low: 

We see on the chart a test of the Fibo 50% level over the past three trading days. The wedge drawn from highs of July last year and through late May, and supporting low levels drawn through levels from February and June gives an idea of a possible support level in the long term. At present price action is close to the middle of the range. A close above the 50% Fibo level could see scope of a test of the 61.8% resistance level.

R3
R2
R1
S1
S2
S3