Australia

Reluctance to Move Higher – Market Update

ASX200 The ASX200 index seems a little confused, as it moves back and forth between 5650 and 5800. The selling pressure / resistance continues at 5800 as the index repeatedly gets pushed back from around this level. Again, with the resistance in place and playing a significant role, the key level of 6000 seems so …

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Attempts to Move Higher – Market Update

ASX200 The recent support at 5600 has paid off as the index has been able to rally back again towards the key 5800 level before running into further selling pressure / resistance at this level.  It was able to rally above the previous trough (low) a few weeks ago around 5650, however yet again the …

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Rather Quiet – Market Update

ASX200 After showing some fight last week moving back through the key 5800 level, the ASX200 has since drifted lower and been forced back down below this level.  It continues to be well supported by buying above 5600 and it has been able to rally above the previous trough (low) a couple of weeks ago …

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Continuing to Fight – Market Update

ASX200 The ASX200 is showing some fight and has been able to move through the key level of 5800, even if only for the last few days.  Throughout the last month the ASX200 has attempted on numerous occasions to rally and move back above this level, and it has enjoyed some decent support from 5600 …

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