Wednesday, January 11, 2017

Australia all ordinaries index technical chart and forecast updated on 13th January 2017 Friday




All ordinaries index technical chart indicates that index is finding resistance at current levels.

Further price rise expecting once index closes and holds above its resistance zone @ 5876.

As long as it holds below correction expecting.

News - Australia all ordinaries index is on rise because of rally in metals and mining stocks, the rise is due to spike in commodity prices.

Due to this investors invest in energy and mining stocks. All Ordinaries Index rose 0.3% to 5823.7.

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