English
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May
31
TECHNICAL ANALYSIS BY NSFX 31.05.2015
By:
High: Low:
The commodity closed above its 200SMA but a confirmation of the bullish trend will be the breakout of the 2015 high 62.9. Above this level Crude Oil might test 70. Below the 55EMA, now at 56.9 the commodity can slide to 54.2 and then test 50. The RSI level is far from being overbought and the ATR is at its 6 month low.
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