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Sep 09

TECHNICAL ANALYSIS BY NSFX 09.09.2013

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After three days of consolidation above the 21SMA last Friday crude oil made the breakout of 108.77 and now the next target is 112.12. It is very important for the trend that price would not retrace in the channel. Below 106.95 area price could drop to 104.65 and then to test the psychological level 100.

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