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Mar 16

TECHNICAL ANALYSIS BY NSFX 16.03.2014

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The shiny metal after the brekout of the supply line at 1360  has a good chance to be in a bull market again considering that the 55EMA is crossing the 200SMA. A confirmation will be given above the 1434 static resistance because this level is seen as a long term trading range price level.  If a correction should occur the commodity might test 1337 and below it the 200SMA at 1300.

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