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May 18

TECHNICAL ANALYSIS BY NSFX 18.05.2014

By:

High:  Low: 

The commodity is trading in a symmetric triangle and thus is reducing its volatility. Both intraday and daily range are likely to increase after a breakout will occur above or below the 2 sides.  Short sellers see 1182 area the intermediate target of a bearish wave and buyers are likely to increase their positions above 1392.

R3
R2
R1
S1
S2
S3