early days on $1 level on $US. if gets through will take metals down initially except perhaps for zinc which is looking for new highs regardless
some midcaps fmg igo still in play
if $US fails here then all looking good
in meantime reversion trade on oilers is playing out
bpt 80c resistance level building into support
sto $4 level
even lng up today
when sell them will look to redeploy depending on what $US doing.
a lot harder when dealing with fib levels. financials oil copper all had rises but overall churn. copper $2.60 to $2 and now back again
oil same $80 to $30 and now a struggle to $50 again
financials had their run after gfc.
goldies are the ones which have risen 10 fold. churn in meantime
zinc and metals - midcaps say the rerate is on this year still