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May 16

TECHNICAL ANALYSIS BY NSFX 16.05.2014

By:Nati

High:  Low: 

The 200 day SMA level gave way yesterday with further support at 101.20 an  important level going forward. The resistance level now expected towards 101.60 with the  102.60 area possibly a ceiling to a range before a breakout can occur. Should bullish price action breach then the 103.30 level could offer resistance going forward.

R3
R2
R1
S1
S2
S3