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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2015

By:

High:  Low: 

Crude Oil went below the static support 50.62 and might test 47 and then then the double bottom at 44.16,  its 2015 low. Below this area the commodity would trigger a selling wave with first relevant target  40. Above 50.62  Crude Oil might rise to test the supply line generated last June and then above this level there is a static resistance in area 56.6. The RSI (14) is oversold and the ATR (14) is off its July high.

R3
R2
R1
S1
S2
S3