ASX200 recovery under review
With two weeks left in August, the ASX200 is down 1.50% MTD after being down a hefty 5.7%.
The ASX200’s rebound from the 7600/7500 support area which includes the 200 day ma highlights its importance as the downside level to watch going forward. While the focus has switched to the topside, a retest of the 7600/7500 support area before year end is a strong possibility with an eye on the seasonally challenging month of September.
ASX futures closed 14 points (-0.18%) lower on Saturday morning at 7898, indicating the ASX200 cash will open lower at 7965.
The ASX200’s rebound from the 7600/7500 support area which includes the 200 day ma highlights its importance as the downside level to watch going forward. While the focus has switched to the topside, a retest of the 7600/7500 support area before year end is a strong possibility with an eye on the seasonally challenging month of September.
ASX futures closed 14 points (-0.18%) lower on Saturday morning at 7898, indicating the ASX200 cash will open lower at 7965.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.