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Dec 21

TECHNICAL ANALYSIS BY NSFX 21.12.2014

By:

High:  Low: 

The commodity developed a trading range after several session of panic selling and above 59 could rise to 62 and then to 69. Below 53.3 Crude Oil could slide to 50 and then test 45, a level traded on February 2009.  The ATR still at its multiyear top thus the trading range environment might continue and the Relative Strength Index just left the oversold area.

R3
R2
R1
S1
S2
S3