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May 18

TECHNICAL ANALYSIS BY NSFX 18.05.2014

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The commodity is trading above its most relevant moving averages and could test the double top at 105.32. Above this level Crude Oil might rise to 108 and then to 110.42. Below the 200 SMA, now at 98.75, sellers will see the double bottom at 91.50 as a bearish target.

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