- Gold down $15 breaks through Oct 22 lows to $1306
- Brent crude down over 2 bucks to $106.64. Look to the Oct low at $106.45 for a first line of support then the April channel bottom at $105.45
Brent daily chart 01 11 2013
- WTI crude is down $1.30 to 95.07 and the lowest since June ( If you’re wondering where Adam is, he was last seen sailing off into the distance on his new crude -bought boat throwing $50 notes into the air)
- AUD/USD is heading towards 0.9400 but may find the 38.2 fib from the July bounce at 0.9418 a sticking point.
AUD/USD daily chart 01 11 2013
Watch it all come to a grinding halt after Europe shuts
On a serious note we should also keep an eye on potential profit taking later on particularly in sterling and the euro given the falls over the last couple of days. The bears are in control but they may still bank some profits into the weekend.