ASX 200 Technical Analysis - Saturday, Sept. 18

By Peter Mathers of TradingLounge.com
Saturday, September 18, 2021 1:00 AM EDT

S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. 
Plus CBA, ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA  A50

ASX 200 Index Overview: Under 7400 is bearish
ASX200 Elliott Wave Triangle Wave iv) or c) of A of (4)
Trading Levels Minor Level (mTL5) 7500 is the closest largest number and its currently the resistance.
ASX200 Trading Strategy: Neutral to short

Commodities

  • Copper Elliott Wave 2 or B. 
  • Iron Ore to move lower
  • US Spot Gold Elliott Wave c) of B Triangle

Australian Stocks

  • Finance and Bank to rally short term
  • Resource stocks BHP FMG to head low, as they still need to complete Elliott Wave v) of C of (4)

Video Chapters

  • 00:00 ASX200 Banks XXJ, CBA  & ANZ Elliott Wave Analysis
  • 12:40 Nifty 50 & China A 50 Shanghai Comp SSEC Elliott Wave Analysis
  • 14:50 Commodities Iron Ore Copper Crude Gold Elliott Wave Analysis
  • 21:30 ASX Resource Stocks NYSE BHP ASX BHP FMG Elliott Wave Analysis
  • 28:00 AUDUSD & DXY Elliott Wave Analysis
  • 32:40 Thank you for watching ASX200 Elliott Wave Analysis

 

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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