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Aug 16

TECHNICAL ANALYSIS BY NSFX 16.08.2013

By:

High:  Low: 

Yesterday breakout changed the trading environment from trading range to momentum.  Next test are in area 1396 and 1427. Buyers can find opportunity during retracements: usually moving average are good dynamic supports. Only below 1300 market conditions can switch and sellers could come back in control.

R3
R2
R1
S1
S2
S3