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Jun 07

TECHNICAL ANALYSIS BY NSFX 07.06.2015

By:

High:  Low: 

The commodity made a double bottom in area 56.80. Both 21SMA and 55EMA changed their slope and if Crude Oil should slide below 56.8 it might test 52.15 and then 50. A breakout above 63.2 should lift the Crude Oil to 65 and then 67. The trading range that started last April might continue considering that the range is more than 10% of the value  of the commodity.

R3
R2
R1
S1
S2
S3