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Sep 06

TECHNICAL ANALYSIS BY NSFX 06.09.2015

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Crude Oil found resistance against its 55EMA and if it should rise above this level it might test the 200SMA, now at 52.4. High trading activity in case the commodity should reach 56.6 because will be a battle between long term bullish and bearish traders.  Below 44 Crude Oil may test the multiyear low  37.85 and beneath this level would be possible to reach 33.5, a price traded during the 2008 financial crisis.

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R1
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