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Oct 04

TECHNICAL ANALYSIS BY NSFX 04.10.2013

By:Nati

High:  Low: 

Trading in the 38.2% Fibonacci level area drawn from the low on the 18th of April to the high on the 28th of August saw the buyers gain momentum and puts the price above the 100 day SMA again and back into the 103 dollars per barrel bracket again. Yesterday's high of 104.34 could be seen as resistance today, a level of 105.10 beyond that could be interesting. Support level may be found at the 100 day SMA before weekly lows can be retested.

R3
R2
R1
S1
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S3