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Oct 03

TECHNICAL ANALYSIS BY NSFX 03.10.2014

By:Nati

High:  Low: 

The 50 day SMA an important level of resistance, a break of which at the $94 mark could lead to bullish price action, with $96 a further level of interest. However it held and saw bearish action following the test, with a period of sub $90 oil yesterday. A close below the 90.14 mark could lead to test of support trend-line connecting lows in May 2010 and June 2012 at $88.10

R3
R2
R1
S1
S2
S3