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Jun 27

TECHNICAL ANALYSIS BY NSFX 27.06.2015

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Crude Oil just found support on its 55EMA and  still trading in its 3 months range 56.71-62.35. Above the 200SMA the commodity can test the higher side of the range and a breakout can lift the commodity to 65. Below the 55EMA Crude Oil will test the lower side of the range at 56.71. Below this level the commodity can slide to 53.7. Volatility is quite compressed and when will change the trading environment  sophisticated trend following strategies will pay off.

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