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A final push expected on AUS200 as it starts approaching a price line of 7100.0000.

AUS200 is heading towards a price line of 7100.0000 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.

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We expect a $44.288 movement on CL within 12 hours following the event release at 07 May 06:00.

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