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Jun 21

TECHNICAL ANALYSIS BY NSFX 21.06.2015

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The commodity rose above the pullback level of the lower side of the bullish channel and found resistance against the 200SMA. Above this dynamic resistance the shiny metal can rise to 1258 and then to 1309. If the commodity should drop below 1161 it might test 1100 and then 1060.  The RSI indicator is not overbought yet and volatility is below its 3 month high.

R3
R2
R1
S1
S2
S3