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Aug 15

TECHNICAL ANALYSIS BY NSFX 15.08.2013

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Market conditions of Crude Oil has not changed yet. The only thing that can be seen is a decreased average true range ATR.  This indicator tells much more than volatility because it takes in account not only the closing price but the daily oscillation. Above 108.72 new buyers will try to change the trading environment from trading range to momentum. The same logic is valid if USOIL breaks 102.64.

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