/ 

Oct 25

TECHNICAL ANALYSIS BY NSFX 25.10.2013

By:

High:  Low: 

Crude oil made 2 consecutive spikes in area 97, in coincidence with the static support. Now the probablility of a rally  is increased. Short sellers might cover up and tactical traders could open new long positions. The first target is at 99.8 and then the area at 101.33.  If selling pressure would continue then 94.67 and 91.84 would be the next key support levels.

R3
R2
R1
S1
S2
S3