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Sep 17

TECHNICAL ANALYSIS BY NSFX 17.09.2013

By:Nati

High:  Low: 

Last month saw a spike up to over 112 dollars per barrel before gradually correcting back to around 106 per barrel under the 50 day SMA. We could see a consolidated trading range between 103-109 going forward before any break or continuation of trend. Resistance in the 107.30 area, and support short term around 105.40.

R3
R2
R1
S1
S2
S3