SPI200 Commentary
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SPI had a weak Friday as it sold off from the open and consolidated at the lows for the rest of the session. Most of the equity indices around the world still look strong, so we could see the SPI play some catch up this week. It seems the XJO was well supported around that 6200 area, so it could play that 6200 to 6300 range this week. It is Monday morning so not expecting too much action but in general looking for dips to buy. AUD is finding support also so that is adding to the risk on sentiment also. For todays trading I am looking to buy dips around 6210 and sell rallies around 6260
ASX Morning call 16th July, page-2
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Last
7,999.3 |
Change
-18.300(0.23%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,017.6 | 8,018.0 | 7,996.9 |
| XJO (ASX) Chart |