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Sep 19

TECHNICAL ANALYSIS BY NSFX 19.09.2014

By:Nati

High:  Low: 

Downward trend in effect since the $107.65 high in May leading to a drop to the low of $90.42 last week. The $95.30 mark could offer resistance this session, with 93.60 the area of support and the $91.20 level below. Should bearish sentiment resume 90.14 could offer further support a level of interest from May of last year. The 50 day SMA an important level of resistance, a break of which at the $96 mark could lead to bullish price action.

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