ASX 200 Technical Analysis For Tuesday, May 25

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


Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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