S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast.
ASX 200 Index Overview: Bullish Impulse pattern Wave (5)
ASX200 Elliott Wave v of (v) of 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 a tested support on this level for the next move higher
Commodities
Copper Elliott Wave bullish impulse wave higher
Crude Oil Wave 5
Natural Gas Elliott Wave 5 starting
Iron Ore: Neutral
US Spot Gold Wave (v) of i)
Australian Stocks
Finance and Bank: Bullish
BHP and FMG trading long off the lows
STO OSH WPL Risk On
Video Length: 00:50:51
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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.