Plus CBA  ANZ BHP RIO FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA  A50 Shanghai Composite SSEC. 

ASX 200 Index Overview: Under 7500 is bearish.
ASX200 Elliott Wave Triangle Wave iv) or c) of A of (4).
Trading Levels Minor Level (mTL5) 7500 is the closest largest number and its currently the resistance.
ASX200 Trading Strategy: Neutral.

Commodities:
Copper Elliott Wave 2 bullish correction.
Iron Ore to move lower.
US Spot Gold Elliott Wave B or 2.

Australian Stocks:
Finance and Bank stocks to head higher.
Resource stocks BHP FMG to head low, as they still need to complete Elliott Wave v) of C of (4).

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

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