Finspiration Australia. Technical Analysis of the Australian and International stock markets.

 28/4/22.  Overnight.  Nasdaq flat, DJ up a little.

Dow Jones +0.19%.  SP500 +0.21%.  Nasdaq -0.01%.  Small Caps -0.37%.  Banks -0.65%.

European STOXX600 was up 0.6%

SP500.

SP500 has stabilised at support.  The long lower tail on last night's candle indicates intra-day buying which might indicate we are at a low for this retracement. W e need to see a sizeable upside move tonight to confirm a bottom is in.

The index is oversold with the RSI at 33.6, so the chances of a bounce hers are high.

Commodities.

Commodities Index +0.7%.  Energy +0.76%.  Base Metals +0.82%.  Gold -0.76%.

Iron Ore +0.1%.

In London, RIO was up +4.1% and BHP up 4%.  That looks promising for the big miners today.

Overnight Oz Futures up +0.5%.  That should ensure a good start to the morning's trade in Australia.