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Dec 14

TECHNICAL ANALYSIS BY NSFX 14.12.2014

By:

High:  Low: 

The commodity lost 46% from the June top and now its Average True Range (ATR) rose to a 2014 high. The Relative Strength Index is oversold below 30 at 20.06. A rebound can lift Crude Oil to 60 and then to 63.45. If the commodity should continue to lose ground it might test 55 and then 50.

R3
R2
R1
S1
S2
S3