AUD unknown

metals & backtest

  1. yellowgsum
    11,522 Posts.
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    27/08/12
    09:54
    Post #: 10626709

    Support found for A/U late Friday just above 38.2% of 2012 range. Possibility of further downside this week, slim chance of 102s, near 50 retrace of 2011 & 12.

    Iron Ore spot, from front & 2nd contract month, hit 100 even on Thursday and Friday. Weekly prices for fines still above at 108; uses slightly different data base (port prices, grade etc), to Spot/Futures.

    Copper upside rally gathering momentum, however, Gold/Silver looks to be closing in on a mid term/long term top.

    Daily Chart:



    AUD Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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