/ 

Jan 11

TECHNICAL ANALYSIS BY NSFX 11.01.2015

By:

High:  Low: 

The commodity is developing a range after another selling wave brought the Commodity to test a 6 year low.  A profit taking action generated by short sellers can lift Crude Oil to 50 and then to 53.6. Below 46.73 next support should be 45 and then 40. The RSI indicator made a divergence:  when the commodity made a new low the indicator did not go below the previous low.

R3
R2
R1
S1
S2
S3