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Nov 01

TECHNICAL ANALYSIS BY NSFX 01.11.2013

By:Nati

High:  Low: 

Price seeing support in the 96.00 dollar area at the 61.8% Fibonacci level drawn from the low in April to the high in August. Resistance and a possible upper range limit at the 200 day SMA at the 98.80 dollar per barrel figure. Breakout or range trading opportunities could be taken advantage of going forward.

R3
R2
R1
S1
S2
S3