Good timing for a long position in the ASX 200

Saxo Capital Markets Australia

Multi-asset trading platform

With the slight recovery overnight of iron ore’s price, trading above US$ 50 per tonne, Saxo Capital Markets expects now the S&P ASX 200 to regain some positive momentum. Big miners BHP Billiton and Rio Tinto should push the index along with energy stocks, which should also perform well given WTI’s recent rally. Timing is good for Saxo Capital Markets suggested long strategy a few days ago, entering at 5,929 points with a target at 6,048 points. To read more visit: (VIEW LINK)


Saxo Capital Markets Australia
Contributor
Multi-asset trading platform

Saxo Capital Markets (Australia) Pty Ltd is a wholly owned subsidiary of Saxo Bank A/S, a global online trading platform specialist. We enable investors the ability to trade FX, CFDs, Stocks, Futures & other derivatives from one account....

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.