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Sep 20

TECHNICAL ANALYSIS BY NSFX 20.09.2015

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Crude Oil made a breakout but then retraced below the medium term supply line, thus it might fall to test 42.8 and then 37.81. Beneath this level the commodity might test area 33.5, a level traded 6 years ago. In case a rally will lift Crude Oil, the commodity should test 49.4 and then the 200SMA, now at 52. Above this level is possible a test of 56.6.

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