ASX 200 Technical Analysis for Tuesday, June 8

7300 is the resistance and in a few days, the banks will have topped, which in turn will drag the ASX200 lower.

ASX200, CBA, ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD GOLD  NCM Technical Analysis Elliott Wave

  • Overview: We have taken profit at 7300 and now waiting for the next trade set up. Iron Ore is softer, so expect RIO FMG BHP lower.
  • ASX 200 Technical Analysis:7300 is the resistance and in a few days, the banks will have topped, which in turn will drag the ASX200 lower.
  • Trading Levels: ASX200 Resistance 73000, remembering the 7200 is the old Covid high so we can expected swings now
  • ASX200 Elliott Wave:Wave v of (v)
  • ASX200 Trading Strategy: Neutral

Video length 00:24:06

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