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Oct 21

TECHNICAL ANALYSIS BY NSFX 21.10.2013

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High:  Low: 

Crude oil is trading above 100 $/Barrel and if price should  to fall below the first test at 100 $/barrel then the 200SMA in area 98.79 would be another important test. The first resistance is in area 102.07. The short term trend still negative and only a price level above 105.51 could create the condition for another bullilsh rally.

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