AUD unknown

banking g8 sell

  1. 11,522 Posts.

    Great sell for bank stocks likely to continue, with the Euro Bank index closing in on downward trend at around 8% below current levels.

    Commodities: Texas looking for 88, reaching trend travelling up from Feb09-Aug11, Brent bounce from around the 100 area and Copper to test Dec09-Oct11 support at 340.

    Gold/Silver in ST rally mode, Gold upside target whisker below 1640, br8kpt from 3½ yr trend couple weeks ago if banks/euro debt continues to dominate.

    A/U almost reaching 2011's 23.6% level of 97.9 last week, with 98 offering some support.

    Cluster of supports just below with next down the ladder being the 23.6% level of Oct11-Mar12 move at 97.37, 1-78.6% level of 2011 at 97.5, and 1-78.6% of Oct11-Mar12 at 97.02, then ...?




 
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