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Sep 25

TECHNICAL ANALYSIS BY NSFX 25.09.2013

By:Nati

High:  Low: 

Trading close to 1320 per ounce, we see a supporting trend-line drawn through last week's low and the low for the year at 1300. Resistance on the chart in the region of the 50 and 100 day SMAs at 1345. The next support level of 1270 has to be broken before we can retest the low from late June. Should we see action bringing us above the 1345 resistance level the next area of expected interest is in the 1420 area.

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