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May 16

TECHNICAL ANALYSIS BY NSFX 16.05.2014

By:

High:  Low: 

If the commodity will continue its rally that kicked off from the double bottom at 98.88 is likely a test of area 105. A breakout of this level can lift Crude Oil to 108; a distribution below 98.88 will bring sellers in control and a target could be the 2014 low at 91.2.

R3
R2
R1
S1
S2
S3