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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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The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.
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