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Dec 18

TECHNICAL ANALYSIS BY NSFX 18.12.2013

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High:  Low: 

The commoditity  is managing to trade above the 55EMA and now the next resistance is the 200SMA at 99.1 $/barrel but likely only above 103 buyers will get in control. If the market correction that started  in the end of August would not be considered finished crude oil might test 93 $/barrel and and then the demand line at 88 $/barrel.

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