I can see that both are oversold on their hourlies and in normal trading circumstances I will go long too...but the market has likely reversed; its not trading in oversold/bought condition on its intras. within a daily trend which makes trading very difficult.
Employment data out tonight...
If it comes in better than expected this will be USD positive and the sell off will likely continue .
In particular precious metals - they will get a royal beating.
My opinion only, everyone should always do their own DD.
wobbly wednesday, page-19
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |