Tuesday, July 18, 2006

18 July Update, part 2

AUDUSD
It topped an hour after I posted. We still need a confirmation for the previously posted targets 0.7208 and below 0.7060/10 to 0.6860 Second leg is still forming (H4 chart the drop was first leg...) and it's not finished yet (meaning a possible one more move up before a continuation down) Next Minute move down would target a min of 0.7420 but more probably lower 0.7332/24...

NZDUSD
Right in the published target box. It entered into the box, lower band of the box, not sure it's over yet. We still need more clues for the longer term picture to unfold.
*GOLD* and *CrudeOil* I'm very confident it topped and we are about to see a significant decline (to 500 and below). Same for the CrudeOil (probably 50).

ID


PS. I wrote and sent this by mail to my blog around 16.30 and it is still not published. this was the first time I'm trying posting by mail. The first update (previous post) had few minutes delay (around 10min) but the second is now an hour late and still not even arrived.
That's why I've decided to post my update directly here while it could still be relevant since it is intraday comment :)
So mind that it was writen an hour before the time of the stamp here and if by any chance another copy of it appears later that means that my mail finaly arrived :)
I'll check later.

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