Australian Warrants Trader - Weekly Outlook
S&P-ASX 200: capped by a negative trend line. |
Pivot: 5160 Our preference: short positions below 5160 with targets @ 4700 & 4630 in extension. Alternative scenario: above 5160 look for further upside with 5400 & 5530 as targets. Comment: the RSI is mixed with a bearish bias. |
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced |
In order to leverage this directional view we have selected the following product | ||||||||||
ASX Code | Type | Strike | Stop Loss Trigger Level | Index Multiplier | Current Index Level | Gearing | Approx Value | % from Stop Loss | ||
XJOQOX | MINI Short | 5172.35 | 5029 | 0.01 | 4989.1 | 95.16% | $2.5 | 2.17% | ||
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AUD/USD ST: key resistance at 0.739. |
Pivot: 0.739 Our preference: short positions below 0.739 with targets @ 0.682 & 0.665 in extension. Alternative scenario: above 0.739 look for further upside with 0.753 & 0.7805 as targets. Comment: as long as 0.739 is resistance, look for choppy price action with a bearish bias. |
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced |
In order to leverage this directional view we have selected the following product | |||||||||||
ASX Code | Underlying Currency | Type | Strike | Stop Loss Trigger Level | Multiplier | Current FX Rate | Gearing | Approx Value | % from Stop Loss | ||
FXUKOR | USD | MINI Short | 0.72 | 0.71 | 100 | 0.7042 | 97.36% | $2.71 | 0.82% |