TECHNICAL ANALYSIS BY NSFX 26.10.2014
A combination of very high Average True Range (ATR), that means high intraday volatility, and an oversold situation with the RSI indicator, created the condition for a rebound of the commodity. Another reversal indicator is the multiple bottom at 80. There are the condition for a rally to 87 and then to test the supply line generated last June. Below 80 many stop losses would be triggered and the commodity might test 78 and then 75.