Hi all, Monday morning trading is not looking crash hot. As this morning headlines are base metals down across the board, gold drops nearly 2%, oil is up a bit, BHP is cave in 16% coal price cut and ANZ warning of weaker profit for banks in 2006-07.
But with December spi expiry and end of quarter/year anything could happens with the bulls. Personally, I am calling for a weak close on Monday due to resource weakness and if banks don't hold then we could be in for a decent fall.
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| XJO (ASX) Chart |