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Jul 12

TECHNICAL ANALYSIS BY NSFX 12.07.2015

By:

High:  Low: 

The commodity made made a bullish spike at 50.7 and might rally to close the gap at 55.6 and then the lower band of the broken range at 56.7.  Market sentiment will turn neutral only above the 200SMA, now at 58.2. Below 50.7 another bearish wave  should occur and then should be tested the support at 47.8 and then the double bottom at 44.2.

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