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Oct 04

TECHNICAL ANALYSIS BY NSFX 04.10.2015

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High:  Low: 

Crude oil will keep its short term neutral condition in case should continue to trade above 44 $/barrel.  Below this level the commodity can slide to 40 and then test again the multiyear low near 37.90.  A breakout above 47 can lift Crude Oil to 50. The most important resistance level is the 200SMA, a dynamic resistance that now is near 52.

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