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Oct 03

TECHNICAL ANALYSIS BY NSFX 03.10.2013

By:Nati

High:  Low: 

Resistance level being tested drawn from supporting trend-line drawn from April's low through the low in June. This is also an interesting level from August. A close above 103.75 could offer scope for targets in the 105.00 area, before further resistance in the 106 dollar per barrel comes into play. Support at 102.20 with a close below this could see price action retest as low as 101 dollars per barrel.

R3
R2
R1
S1
S2
S3