
Oil Prices Attempt A Modest Rebound
WTI crude oil prices posted a rebound following the declines from last week. [...]
Markets have really started to explode to the upside in the last few sessions with the Aussie Index benefiting from both the RBA rate cut plus buoyant US markets, which found support overnight and continued their positive moves to the upside. In addition to that Brent Crude Oil briefly bounced back about $60 per barrel but ended the session in the low $58’s with Copper also showing more positive signs recently.
How did the Aussie market perform today?
S&P/ASX200 gained 69.9 points or +1.21% on volume of $6.05 billion, closing at 5777.3.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
6% of stocks are showing oversold levels, 55% are showing overbought levels and 67% 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
Wednesday, 04 Feb, 2015 / 7:33
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