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Aug 30

TECHNICAL ANALYSIS BY NSFX 30.08.2013

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Today the analysis will be done by using the monthly chart. There is a supply line that started on August 1998 and linked the other descending top on June 2007.  The volatility compression of the last 3 months could lead to a change of regime of volatility that can lift price to 106, where there is the 200 SMA as well. On the downside the intermediate target would be area 87.5, a coincidence of price spikes.

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