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Mar 12

TECHNICAL ANALYSIS BY NSFX 12.03.2014

By:Nati

High:  Low: 

After breaking support in the 101 dollars per barrel area and the 200 day SMA below we saw the price decline to the 98.75. Resistance now at support turned resistance in the 101 dollar per barrel area with further resistance in the 103.25 area expected should buyers again take an interest. However 101.85 could see some orders in the interim.

R3
R2
R1
S1
S2
S3