XAO Daily Update 16/11/2015.

This is the 5.00 PM update which may be slightly different than 7.30PM when ASX releases the final figures.

BEARISH DAY but AUGUST as well as SEPTEMBER lows still hold.

To have SHORT TERM BULLISH BIAS again, I would need to see the price action close above 5200 and hold it’s head above there ( zone where marked as ICE ? ).

Still the trading range that we have been in since late August with SUPPORT HOLDING (4950 ZONE) as of this writing may sum things up.

Let’s wait and see what the US thanksgiving day onwards may bring.



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