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Jan
04
TECHNICAL ANALYSIS BY NSFX 04.01.2015
By:
High: Low:
Crude Oil went below the trading range that developed after a wave of panic selling and now it might test 50 $/barrel and then 47. If the commodity will rise above 53.6, the lower band of the range, many stop losses would be triggered and is likely a rally to 59.15. Average True Range still at its record high and the RSI index indicator is oversold.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |