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Jan 04

TECHNICAL ANALYSIS BY NSFX 04.01.2015

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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.

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