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Oct 18

TECHNICAL ANALYSIS BY NSFX 18.10.2013

By:Nati

High:  Low: 

Trading within a wedge pattern, a consolidating range before we see some indication as to where price action will possibly break towards. Support after yesterday's USD weakness expected at the low from yesterday at 97.73. On the daily chart the sell off yesterday bought the price below the 50 and 100 day SMAs, as well as the Cloud. 97.50 could offer some support should we see a close below the 97.73 low from yesterday.

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R1
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