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Oct 23

TECHNICAL ANALYSIS BY NSFX 23.10.2013

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Crude oil is falling today as well after it fell below the 200SMA yesterday. If today at the close the trading day should be negative the probability of a daily rally will rise considering not only the consecutive negative sessions but also a relevant support in area 97.11. If a rally will occur the first area to test is 99 and then the broken support in area 100.71.

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R1
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