Copper got a fair clip behind the ear last night. PMs seem to be drifting off their highs. I am still watching a big triangle on the AUD. Punting on a silver short from above $36.
More dissapointing return for XJO, perhaps as a resource based economy. Some suspect decision making by Coppertop Gillard, adding a whole new tax to our economy, after not being elected majority govt. Rising oil seems to be hurting the markets in general, but there may be good buying in equities in days to come if oil falls more significantly. $100 POO (price of oil) may be the (brown)
line in the sand.
A head & shoulders pattern? Maybe, but theres plenty of trendline support below. If it can hold 4750, or 4700 below, then may be good buying areas.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |