ASX 200 Technical Analysis - Thursday, May 27
(Video length 00:28:27)
- 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 v of (iii)
- ASX200 Trading Strategy: holding long with adjusted stop-loss order
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