re: keep a close eye on this (chart) Interesting day for NCP I believe. It has had 4 shots at penetrating this 12.48 level this year (also the 38.2% fib level).
The stochastics have rolled down and yesterdays strong move, which gave an impressive bullish engulfing candle, was on the lowest volume for the past 4 days.
However, last night NWS finished marginally up in the states, the aud$ is weaker so the aussie price is (if my maths is correct) = $12.61. (37.01/4/73.36).
Regards
Commy
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