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Nov 19

TECHNICAL ANALYSIS BY NSFX 19.11.2013

By:

High:  Low: 

Crude oil retraced nearly 20$ from the 28th of August top. If It falls below the short term support in area 92.63 it might plunge to 89.61 first and then if selling pressure should continue it could test the 2013 low at 85.51. A short term rally might start above 95.4. An important test is the 200SMA in area 98.88.

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R1
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