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Jul 21

TECHNICAL ANALYSIS BY NSFX 21.07.2014

By:

High:  Low: 

The commodity tested succesfully the 200SMA and might test the supply line that links lower highs generated from last December top.  A breakout of this resistance might lift Crude Oil to 112. In case price should fell below the 200SMA the first significant support should be the trendline that links lower lows that was generated on April 2013.

R3
R2
R1
S1
S2
S3