Date: 2009/08/19
Time: 19:02 (GMT +7)
Ticker: GOLDS
Last: 937
Pivot: 942.9
1st sup. 932
2nd sup. 930
3rd sup. 925
1st res. 942.9
2nd res. 948.3
3rd res. 952.5
Title: GOLD (Spot) intraday: Bearish below 942.9
Summary: Update on supports and resistances.
Story: Pivot: 942.90
Our Preference: SHORT positions below 942.9 with 932 & 930 as next targets.
Alternative scenario: The upside penetration of 942.9 will call for 948.3 & 952.5.
Comment: as long as 942.9 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bullish
Date: 2009/08/19
Time: 19:00 (GMT +7)
Ticker: CL1
Last: 70.81
Pivot: 72.25
1st sup. 69.8
2nd sup. 69.4
3rd sup. 68
1st res. 72.25
2nd res. 73.25
3rd res. 74
Title: Crude Oil (Oct 09) intraday: Bearish below 72.25
Summary: Update on supports and resistances.
Story: Pivot: 72.25
Our Preference: SHORT positions below 72.25 with targets @ 69.8 & 69.4.
Alternative scenario: The upside penetration of 72.25 will call for 73.25 & 74.
Comment: the immediate trend remains down but the momentum is weak.
Trend: ST Ltd upside; MT Bullish
