/ 

Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:

High:  Low: 

Crude oil is doing a pattern of descending tops and now is trading below the 21SMA. Likely a test at 105.51 and if breached this level price very likely will drop to 102.25. There is a supply line in formation and if buying pressure will break it Crude oil price could be projected to 114.

R3
R2
R1
S1
S2
S3