/ 

Aug 14

TECHNICAL ANALYSIS BY NSFX 14.08.2013

By:

High:  Low: 

Crude oil is heading to the ceiling of the trading range. Today at 16.30 CET the release of data regarding inventories will create volatility and thus trading opportunities. The 21 SMA is crossing to the upside the 55 EMA on the 4 hours timeframe. If the risk appetite still high the breakout of 108.72 is likely. Market sentiment could change below 104.

R3
R2
R1
S1
S2
S3