/ 

Dec 16

TECHNICAL ANALYSIS BY NSFX 16.12.2013

By:

High:  Low: 

The 200SMA was a valid resistance last week and now the commodity is trading below the 55EMA. The target of this market correction would be likely in area 93 $/barrel. If price should break the demand line generated in September the market correction will became a bear market. In case the commodity should rise above 99 $/barrel crude oil might reach 103 $/barrel.

R3
R2
R1
S1
S2
S3