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Important price line being approached by AUS200. This price has been tested numerous times before.

AUS200 is moving towards a line of 6944.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUS200 continues in its current trajectory, we may see it move towards 6944.0000 within the next 18 hours.

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We expect a $0.498 movement on HG within 48 hours following the event release at 01 Mar 13:30.

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