/ 

Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2013

By:

High:  Low: 

This is the last trading day of the week and is better to look at the daily time frame so is possible to make an evaluation on more elements.  The turning point at 102.63 acted as a valid support and the shadow of yesterday candle show buyers activity.  If this support should fail, then area 101.55 can be considered the next test. Below the dynamic trend line there is the 200 period simple moving average and can be considered  an important support level.   106.03 is the first level to be reached on the upside, and after is possible to test 108.72. Only above 108.72 price can try to climb to 114

R3
R2
R1
S1
S2
S3