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drg

3,683 Posts.

636

19/06/22

21:17

Post #: 62082154
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Originally posted by Launched: ↑

Iron Ore and FMG in precarious positions atm.

They're on top of my list to start the week but only if they're both at the right levels...

BHP is right up there on the list too, however a lot of its moves are from overnight trade making intra ranges a little tight at times.

For those watching BHP you'd want to note the move on the LSE to close out the week.

Down under we closed 3.39% lower

LSE closed 3.3% lower

If LSE was just following ASX then trading is all sweet and ASX will open still within its range.

However, if Oz is to follow the LSE with a drop of 3.3% that will actually break the lower support - seen in both the bull and bear case.

Makes for an interesting start to the week that's for sure...

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no US lead on Monday night… find our market normally tends to struggle with out a lead. Hopefully we buck this trend early this week.

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