ASX200 Elliott Wave Analysis - Tuesday, Oct. 12

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

  • ASX 200 Index Overview: Bullish corrective pattern Wave (4)
  • ASX200 Elliott Wave (c) of b) of Y of (4)
  • Trading Levels: Currently in Minor Group 1 7300|7200|7100
  • ASX200 Trading Strategy: Neutral

Commodities

  • Copper Elliott Wave Triangle for Wave B
  • Crude Oil to $80 the corrective pattern
  • Natural Gas Elliott Wave 4 Expanded Flat
  • Iron Ore finding support 650 low in place
  • US Spot Gold Elliott Wave has broken support, but still in the larger Elliott wave triangle pattern, move lower 1700 - 1720

Australian Stocks

  • Finance and Bank: Neutral
  • BHP RIO FMG trading long-off the lows
  • STO OSH WPL, prepare for a corrective pullback

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