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Nov 30

TECHNICAL ANALYSIS BY NSFX 30.11.2014

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The commodity found resistance against its 21SMA and went in oversold territory.  With the RSI at 21.45 and a spike in volatility , a rally might develop to bring price to 70 and then to make a pull back at 73.23. Above this level is possible to develop a trading range environment. If Crude Oil should slide below 65 it can test 60.

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