ASX 200 Technical Analysis For Tuesday, June 8

ASX200, CBA, ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD GOLD  NCM Technical Analysis Elliott Wave

  • Overview: We have taken profit at 7300 and now waiting for the next trade set up. Iron Ore is softer, so expect RIO FMG BHP lower.
  • ASX 200 Technical Analysis:7300 is the resistance and in a few days, the banks will have topped, which in turn will drag the ASX200 lower.
  • Trading Levels: ASX200 Resistance 73000, remembering the 7200 is the old Covid high so we can expected swings now
  • ASX200 Elliott Wave:Wave v of (v)
  • ASX200 Trading Strategy: Neutral

Video length 00:24:06

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 ...

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


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