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Jul 12

TECHNICAL ANALYSIS BY NSFX 12.07.2015

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The commodity made a double bottom, reaching the same 2015 low traded 4 months ago. Below this level the shiny metal can drop to 1100 and then 1060. In case the commodity will rise above 1182 it can test the supply line generated last January. This dynamic resistance is close to the 200SMA. The target of a bullish scenario in the intermediate term could be 1258. The ATR indicator, a measure of volatility, still much below the level reached in the first quarter.

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