ASX 200 (^AXJO) Technical Analysis - Tuesday, Sept. 14

  • ASX 200 Index Overview: Under 7500 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.

Commodities

  • Copper Elliott Wave 2 bullish correction. 
  • Iron Ore to move lower.
  • US Spot Gold Elliott Wave B or 2.

Australian Stocks

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

Video Length: 00:37:35
 

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.