ASX 200 Technical Analysis For Tuesday, May 25

Elliott Wave Analyst - tradinglounge • May 25, 2021 at 3:00 AM EDT

Overview: Iron Ore and copper have further downside, they are in a larger corrective pattern but only in their first leg. Plus BHP, RIO, FMG.

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

Overview: Iron Ore and copper have further downside, they are in a larger corrective pattern but only in their first leg down and of course affecting resource stocks.
The strength for the ASX200 will come from the banks as they are in an uptrend

ASX 200 Technical Analysis:Bullish ASX200 and banks and bearish resources

Trading Levels: Support at 7000

ASX200 Elliott Wave:Wave c of (ii)

ASX200 Trading Strategy: Looking for a long trade set up above 7050

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