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ASX 200 seems to be on its way to resistance – a possible opportunity?

ASX 200 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 19 hours.

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LTCAUD is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 7 days.

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Natural Gas is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 17 days.

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