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Sep 10

TECHNICAL ANALYSIS BY NSFX 10.09.2013

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Crude oil is trading in a very important area. Yesterday close was just above 108.77, this support has to work if the commodity wants to rally.  Even a daily retracement in area 107.45 would not change the sentiment but the price pattern will be bullish only with a white candle with close in area 110. Sellers likely in control of the market below 104.7.

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