(News Bulletin 247) – By the very nature of its economy, Australia, very present in the extraction of minerals (nickel, zinc, lead, uranium, sand, coal, copper, gold, diamonds, iron), pulls out of game with the general rise in prices. The expanded stock market index of the Australian Stock Exchange (S&P-ASX200), composed of the 200 main market capitalizations of the country-continent, which is naturally very oriented towards the mining extraction and related services sectors, constitutes the underlying of the proposed tracker.

KEY GRAPHIC ELEMENTS

Graphical analysis in daily data of the LYXOR ETF AUSTRALI tracker makes it possible to identify a medium-term bullish trend, within an ascending channel that we have represented in black on the graph below. The RSI (Relative Strength Index) oscillator immediately sends a very interesting signal, even as the tracker takes support at the bottom of the chart corridor.

FORECAST

In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a buying position on the LYXOR ETF AUSTRALI tracker, at the current price, with €54,7000 in their sights. A protective stop should be placed at €44.8400.

The News Bulletin 247 board

TRACKER
Purchase at 47.64 €
Objective :
54.7000 €
Stop:
44.8400 €
Mnemo:
AU2
Transmitter :
Lyxor AM Luxembourg
Underlying:
S&P/ASX 200
DTH:
No

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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