Market Analysis On ASX 200, AUD, Gas, Oil, Gold & Iron Ore - Thursday, Oct. 21

S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. 

  • ASX 200 Index Overview: Bullish Impulse pattern Wave (5)
  • ASX200 Elliott Wave iii) of 3 of (5)
  • Trading Levels: take profit at 7400 and wait for the next trade set up (Classic TradingLevel pattern)
  • ASX200 Trading Strategy: trade to 7400 then look for tested support on this level for the next move higher 


  • Copper Elliott Wave bullish impulse wave higher
  • Crude Oil Wave 5
  • Natural Gas Elliott Wave 5 starting
  • Iron Ore: bias is bearish
  • US Spot Gold 1750 critical support, if breach then bearish count is in play

Australian Stocks

  • Finance and Bank: Bullish
  • BHP RIO FMG trading long off the lows
  • STO OSH WPL, prepare to buy

Video Length: 00:53:14

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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