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May 15

TECHNICAL ANALYSIS BY NSFX 15.05.2014

By:Nati

High:  Low: 

The resistance level towards 102.60 with the support towards the 101.60 area which could provide a floor in a range for a period of consolidation before any breakout can occur. Should bullish price action breach the 100 day SMA the 103.30 resistance level could offer resistance going forward. Late last week saw a test of the 200 day SMA with further support at 101.20 an  important level going forward, we see the 200 day SMA once again trigger orders this session.

R3
R2
R1
S1
S2
S3