/ 

Dec 03

TECHNICAL ANALYSIS BY NSFX 03.12.2013

By:

High:  Low: 

Crude oil is trading above 94 but is more important that the price is above the 21SMA. The next test would be at 98.8 and then 100.6. If yesterday should be just a profit taking day for short sellers and crude oil should continue to fall 91.7 would be the first support. Another support would be at 89.5 and likely the target of this market correction would be at 85.55.

R3
R2
R1
S1
S2
S3