The local market looks to have bounced at this level again which is a line of support from the 2019 top.
The price of gold was down 2 per cent on the futures market last night. Perhaps in anticipation of a 25 basis point rise in the Federal Funds rate. A Federal Reserve announcement is due Thursday morning.
The locally listed Nasdaq ETF NDQ has made a nice looking higher low on the weekly chart.
Although dramatically higher from the recent lows the takeover bid for Mincor puts the price back to around the middle of the past year’s range.
CSL looks to have bounced nicely off the trend line for now.
Aussie Broadband looks to be bouncing off a support area.
Select Harvests spiked lower yesterday after revising downwards the current harvest.
REA Group looks close to moving out of some sideways congestion.
Australian capital city house prices can have periods of little to no appreciation in value.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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