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May 04

TECHNICAL ANALYSIS BY NSFX 04.05.2014

By:

High:  Low: 

The shiny metal found resistance against all the relevant moving averages but rose above the dynamic resistance that links lower highs. A confirmation of the breakout might lift the commodity to 1330 and then to 1388.  Below 1266 selling pressure might accelerate to 1235 and then a bearish intermediate target would be 1183.

R3
R2
R1
S1
S2
S3