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Jul 26

TECHNICAL ANALYSIS BY NSFX 26.07.2013

By:admin

High:  Low: 

A bearish Engulfing pattern and a close below the Wedge formation triggered additional downside and currently we are testing sub the 50% Fibo retracement in the recent wave at 98.76 and closing in on the 100-day SMA at 98.44. Should we see a close below, this would trigger a potential test of the 61.8% level at 97.60, close to the Cloud Base. Daily oscillators in neutral.

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