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Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2015

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High:  Low: 

The commodity closed last Friday on the support at 44.03 and a confirmation below 43.8 can trigger another selling wave with supports at 40 and then 38.  If Crude Oil will rise above the short term supply line generated last June it might rise to 48 and then 51. The RSI (14) is oversold at 23 and the ATR on the same period is off its  year to date low.

R3
R2
R1
S1
S2
S3