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Sep 13

TECHNICAL ANALYSIS BY NSFX 13.09.2013

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After yesterday selloff  after the lower band of the channel was broken today the shiny metal could drop to test 1300. Many money managers place orders near round numbers thus it would be possible to see an increase of volatility. Below 1274 likely to see a second round of selloff.  Now  moving averages are resistance and only above 1383 market sentiment could turn positive again.

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