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Apr 14

TECHNICAL ANALYSIS BY NSFX 14.04.2014

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The commodity is trading close its 2014 high 105.17. Above this level Crude Oil might rise to 109 and then to the 2013 high 112.  The dynamic trendline still a valid support and above this demand line and the 200SMA the framework is considered bullish.  Below 99.6 the correction could be quite severe.

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