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Jun 08

TECHNICAL ANALYSIS BY NSFX 08.06.2014

By:

High:  Low: 

The metal found support at 1240 and might rally to test the 200SMA at 1294,  making a breakout of the supply line that was generated on March. Below 1240 there is the psychological area 1200 and then the double bottom at 1182. The framework of the shiny metal still bearish but a consolidation above 1300 might change the market sentiment to neutral.

R3
R2
R1
S1
S2
S3