ASX200

Stock Index : ASX200

Current Price : 5772

Status : On Watch for contraction

The XJO has been consolidating between 5650 and 5850 the last few weeks with quite choppy price action. We are watching for rice to contract further before holding a higher low to build a new move higher. The key longer term level now is 5600 as if this breaks, then we expect to see a major pullback.