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Aug 14

TECHNICAL ANALYSIS BY NSFX 14.08.2013

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On the 4 hours time frame the trading environment seems changed from momentum to trading range. The spike at 1347 made a double top and now price could go to test 1272 if sellers will be in control of the market. If a breakout above 1347 should occur then the first target is area 1421.

R3
R2
R1
S1
S2
S3