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Nov 21

TECHNICAL ANALYSIS BY NSFX 21.11.2013

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High:  Low: 

Crude oil still trading above the 92.62 support and on the upside the first significant test is the 21SMA in area 94.43. Above that level there is the supply line in area 96 and the correction that started the 28th of August would be technically ended with the commodity above the 200SMA  in area 98.72. If prices should continue to fail a relevant test would be in area 91.24 and below it at 89.58.

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