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Nov 11

TECHNICAL ANALYSIS BY NSFX 11.11.2013

By:

High:  Low: 

The commodity today is trading in a narrow range and is making higher lows on the daily time frame from the 05 of November.  Likely a test of area 96.51 and above that level  in area 98.2 there is the coincidence of the dynamic 200SMA and the static support.  The distribution pattern should continue if price drop below 93.05 and the speed might increase below 91.35. Target of this retracement is the dynamic trendline generated on November 2012.

R3
R2
R1
S1
S2
S3