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Aug 16

TECHNICAL ANALYSIS BY NSFX 16.08.2013

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Despite the selloff that happened yesterday in the equity markets,  Crude oil still moving towards the first target price in area 108.72. Only below the 200 SMA in the 4 hour time frame at 104.91  price can accelerate its speed to test the lower band of the range.  The last time the ATR reached 0,6186 was the 17th of july, thus volatility is expected to rise.

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