/ 

Nov 22

TECHNICAL ANALYSIS BY NSFX 22.11.2013

By:

High:  Low: 

Crude oil had on Thursday a positive performance that lifted the commodity close to 95.34 area, where actually is trading today. A confirmed breakout of this level will bring new buyers and the next test is likely to be in area 95.87. The 200SMA would be the most important test in case of a rally. If price should drop below 92.63 many stop losses would be triggered and the commodity could drop first to 91.4, then to 90.

R3
R2
R1
S1
S2
S3