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Jan 25

TECHNICAL ANALYSIS BY NSFX 25.01.2015

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The shiny metal closed last Friday below 1300 but it made a bullish spike that might bring buyers in the market. Above 1310 the commodity can rise to 1345 and then to 1400 area.  The 200SMA should be considered the first relevant support. Below the medium term demand line that links higher lows many stop losses will be triggered and the commodity might drop below its 2014 low 1131.

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