ASX200, AUDUSD, BHP, RIO, FMG, Copper Technical Analysis

ASX200, AUDUSD, BHP, RIO, FMG, Copper, Goldman Sachs Commodity Index Technical Analysis Elliott Wave 

  • Overview: The ASX20 is expected higher and we have a long trade set up on 6850. Goldman Sachs Commodity Index has been in a long term Elliott Wave triangle corrective pattern since 2008 and is now break out into a bullish long term trend to 100 - 1100 This creates a fantastic opportunity for long term positions in resource stocks.  
  • ASX 200 Technical Analysis:Expect new highs
  • Elliott Wave count: Wave (iii)
  • Trading Levels: Market Support 6800

Video length 00:08:55

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