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May 02

TECHNICAL ANALYSIS BY NSFX 02.05.2014

By:

High:  Low: 

The commodity found support on the 200SMA even it has a negative slope. The framework still more bearish than bullish and below the 200SMA Crude Oil could test 95.3. The target of a market correction should be 91.2.  Above the dynamic trendline that was broken the 25th of April market sentiment could turn positive and lift the price to the double top.

R3
R2
R1
S1
S2
S3