
Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]
Gold, Copper, Iron Ore and Brent Crude have really taken a beating over the last few trading sessions with the negative sentiment having a strong bearish bias across our Aussie Dollar and Aussie 200 index, with today’s index market action disappointing to the downside by 105.3 points. The Swiss Gold Referendum came back with 73 per cent of respondents saying no, which had the effect of dropping the Gold price over $15 per ounce.
How did the Aussie market perform today?
S&P/ASX200 lost 105.3 points or -2.02% on volume of $5.31 billion, closing at 5207.7.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
38% of stocks are showing oversold levels, 11% are showing overbought levels and 34% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Monday, 01 Dec, 2014 / 6:53
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