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Jan 18

TECHNICAL ANALYSIS BY NSFX 18.01.2015

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High:  Low: 

Crude Oil made a new 2015 low at 44.04 but then rose to test its 21SMA. Above 51.56 the commodity might rise to test its medium term supply line and a breakout of this resistance can lift the asset to 70. Below 44 area, Crude Oil might test 40 and then slide to 33, a level traded during the end of 2008 and beginning of 2009 as well.

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