Wednesday, April 20, 2022

Finspiration Australia. Technical Analysis of Australian and International Stock markets.

 21/4/22.  Overnight.  Mixed results in the U.S.


Dow Jones +0.71%.  SP500 -0.06%.  Nasdaq -1.22%.  Small Caps +0.71%.  Banks +0.7%.

SP500.


SP500 remains stalled at nearby resistance.  It remains within its consolidation zone.  Wait for a break-out.

Commodities.


Little movement in Energy +0.12% overnight.  Commodities Index +0.11%.  Base Metals -0.77%.  Gold found support at the 20-DMA, +0.49%.

Iron Ore saw little movement, +0.1%.

Overnight Oz Futures +0.3%.  This suggests a modest rise at the beginning of trade in Oz today.

BHP and RIO fell sharply overnight in London after RIO's poor production report yesterday.  BHP -2.9%. RIO -4.8%.  Falls in the U.S. were less exaggerated.  In NY, BHP -1.23% and RIO -2.63%.  Those NY figures are more in line with falls in Australia yesterday, so they may not flow through to Australia.


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