All indices positive .... Resources oversold

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Derek  22 Nov 2017


All indices around the world are positive and above their trend lines.

When all are positive, I try to show the most interesting graphs of the many that can be shown. Today I show the DAX. Notice how it bounced twice on support before breaking the trend line. FrontRunner also broke up.

Out of the thousands to show in the US, lets stick to the most popular. Lets show Apple again as it has now broken the trendline and FrontRunner broke up too. Notice the info box on the right. By just holding the cursor on a candle you can get all the info of that day in TradeFX.

JSE Technical:
I hear quite a lot of Fundamental noise that markets are too high etc. I listen only with half an ear, as the indicators will tell!

Resources were oversold, so it is no surprise that I show 2 resources shares. Billiton is +1.5% in Australia this morning. Notice how it turned on first support , in oversold territory, and broke the trendline. The graph of Anglo looks much the same.

Exxaro Resources broke out of its sideways channel.

Enjoy your day and keep an eye on those indicators.
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