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Nov 08

TECHNICAL ANALYSIS BY NSFX 08.11.2013

By:

High:  Low: 

The commodity is off the static support in area 92.8 and now could test 96.04 area. Above that level the 200SMA in area 98.72 would act as dynamic resistance.  If 92.8 would fail as a valid support the commodity could drop to 91.12 and the demand line generated the 8th of November 2012 should be the target in a downtrend scenario.

R3
R2
R1
S1
S2
S3