tuesday... tackling the weekly chart, page-46

well, there's your gold falling off! Had a short in from 1156 and it fell straight through the short target of 1141. Has fallen through the lower support trend and tested it's underside (now reistance?)- will see if it consolidates here around $1120. Waiting to see what the bottom might look like.

XAO and XJO might have some strong support at 4800 perhaps? I guess we are about to find out. XAO poked above the 50% Fib level of 4967 which is encouraging ... but needs to make a higher low to maintain the uptrend. Maybe 4800 is it?

wheat took a belting overnight also.

AUD is on a correction anyhow - my short target is 91.5 - will see if it holds this for another up trend

rgds,
pw