/ 

Oct 26

TECHNICAL ANALYSIS BY NSFX 26.10.2014

By:

High:  Low: 

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.

R3
R2
R1
S1
S2
S3