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Apr 27

TECHNICAL ANALYSIS BY NSFX 27.04.2014

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The commodity after failed to rise above 105 resistance retraced sharply and closed on Friday a little bit below the bullish trendline generated on January. Next support the flat 200SMA at 99.45 and then Crude Oil might dive to 95.6. Above 105 market sentiment will turn postive again and 108.8 static resistance should be the first test.

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