Sup: 5266,5258,5249,5239,5192*
Res: 5295*,5305,5321,5335,5358*
Prices have traded through key medium term resistance at the 5249-66 region today where we find the Fibonacci 76.4% retracement point of the May to June decline and key wave relationships within the advance.
This occurrence is a bullish medium term indication, warning that the advance may extend to a break of the May high, although the structure is not clear enough to be highly confident of this outcome.
Further consolidation above this area and/ or a break of resistance at 5295 would greatly reduce the risk of rejection and strengthen the case for new highs.
A failure to hold and a retreat through support at 5192 needs to occur for a bearish indication.
Sup: 5266,5258,5249,5239,5192*Res:...
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7,971.1 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |