TECHNICAL ANALYSIS BY NSFX 03.01.2014
The shiny metal gapped up today and now is trading in the middle of its intraday range. In 3 trading days the commodity rose 50$ and now a pullback to the opening gap that is in coincidence of the 21SMA could give breath to the rally. Just below 1181 another selloff wave would appear. If buyers will lift the price next resistance tests are the supply line that was generated on August and then the 200SMA in area 1340, that would be the price projection of a the supply line breakout.