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Sep 19

TECHNICAL ANALYSIS BY NSFX 19.09.2013

By:Nati

High:  Low: 

USOIL increased by over 2 dollars per barrel in yesterday's session, although still withing the expected 103-109 range. Resistance still in the 109 area, and short term support could be offered around the 50 day SMA area on the chart. Long term a continuation of the uptrend seems possible unless we see a close below 102 per barrel, the trend-line support on the chart which coincides with the 100 day SMA.

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