Good timing for a long position in the ASX 200
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)
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