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Jan 08

TECHNICAL ANALYSIS BY NSFX 08.01.2014

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High:  Low: 

The commodity reduced its daily range after last week selloff and likely will test 92.7 support. Below this static level Crude Oil could drop to test the bullish trendline in area 89. If price should rally the first significant resistance would be in area 96.  Only above 100.67  the market sentiment could shift from negative to neutral/bullish.

R3
R2
R1
S1
S2
S3