XSO 0.54% 2,992.5 s&p/asx small ordinaries

thanks @shovel40yes it is the chinese equiv to the US spxfrom...

  1. cha
    5,771 Posts.
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    thanks @shovel40
    yes it is the chinese equiv to the US spx
    from 4200 to 3200 it is now close to longer term support around 3180
    so yes looking for a bounce in china in 2024
    i also added the chinese pmi to my reviews
    i wonder if we will ever see the csi 300 with the same power as the spx to move the asx

    last years bid for an alternative to the USD by the saudis, india et al seems to have died a natural death

    @snout where do you see pls for support this year. it is a decent long term price for when lithium recovers but the market may well take it down to whc levels in the meantime so holding off still. whc from 60c to $5 plus back to $1.50 or so before full recovery with coal
    sandfire was similar. so was evn. i find it is worth waiting
    that is why i love the market so much
    s32 report out this week preceded by a tepid rise last week or so so i am wary of it here


 
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