/ 

Nov 11

TECHNICAL ANALYSIS BY NSFX 11.11.2013

By:

High:  Low: 

The shiny metal is trading near the dynamic trendline in area 1270 and it is a very important support because below that level many stop losses will be triggered and the commodity could test 1250 first and then 1180, the 2013 low. If buyers will be in control the first relevant resistance is at 1319 then the multiple top at 1358. The 200SMA in area 1400 will be a battlefield between long term  bulls and bears.

R3
R2
R1
S1
S2
S3