
Metals Break Higher On “Biden Bounce”
Gold The yellow metal surged higher over the last 24 hours in response to the [...]
The OPEC meeting in Vienna on Thursday night provided a sombre outlook for Crude Oil bulls, as the decision was clearly laid down that production levels would not be lowered (30 million barrels of oil per day), despite the perceived glut of oil currently stockpiled around the world, sending the price of oil down over six per cent and wiping off hundreds of millions of dollars off our key energy stocks. The Aussie 200 Index finished the day down 87.9 points with the Energy sector plummeting an incredible 8.27%.
How did the Aussie market perform today?
S&P/ASX200 lost 87.9 points or -1.65% on volume of $6 billion, closing at 5313.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
23% of stocks are showing oversold levels, 15% are showing overbought levels and 41% 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
Friday, 28 Nov, 2014 / 8:43
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