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Oct 01

TECHNICAL ANALYSIS BY NSFX 01.10.2013

By:Nati

High:  Low: 

A low of 101.03 reached briefly yesterday before buying sent the price back towards the 38.2% Fibonacci level trading in the 102 dollar per barrel area. Support expected at yesterday's low before a level of 99.17 can be tested. Resistance level may be seen at yesterday's high of 102.73 towards 102.86 going forward. A close above 103.80 per barrel could open up retesting of 106 per barrel levels.

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