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CRUDE OIL (APR 12) INTRADAY: THE DOWNSIDE PREVAILS.

2012-03-07 09:39:19

CRUDE OIL (APR 12) INTRADAY: THE DOWNSIDE PREVAILS.

Pivot: 107.45

Most Likely Scenario: SHORT positions below 107.45 with 105.8 & 104.85 as next targets.

Alternative scenario: The upside penetration of 107.45 will call for 108 & 108.6.

Comment: as long as 107.45 is resistance, look for choppy price action with a bearish bias.

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TIME
Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
8,581.70	7,783.70
1oz ABC Bullion Cast Bar
7,166.50	6,390.50
100g ABC Bullion Bar
22,807.80	20,420.80
1kg ABC Bullion Silver
3,895.20	3,098.20