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2012/06/25 18:53 (GMT +1) CL1 78.15 79.2 77.6 77.0 76.2 79.2 80.35 81.0 Crude Oil (Aug 12) intraday: the downside prevails. Pivot: 79.20 Our Preference: SHORT positions below 79.2 with 77.6 & 77 in sight. Alternative scenario: The upside penetration of 79.2 will call for 80.35 & 81. Comment: the RSI is bearish and calls for further downside. Trend: ST Ltd downside; MT Range Key levels Comment 81** Intraday resistance 80.35** Intraday resistance 79.2** Intraday pivot point 78.15 Last 77.6** Intraday support 77* Intraday support 76.2** Fib projection
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