\n\tThe ASX<\/span> 200 now heading lower for a third week in a row now threatens the 4110 support level. A break of this level would implement further negative price action and pave a way towards 3980-90. However the support level at 4110 did hold in January 2012 and again for the period in February-March 2012.<\/p>\n \n\tThe Stochastic shows a strong negative signal in the first graph (daily chart) as well as the weekly chart (second graph). In the daily chart, a bearish reversal day first strengthened the decline. However, as we approach the 4110 support level, demand may emerge as seen in the 3 previous occasions.<\/p>\n \n\tIf breached, paves a way to 3980-90 and lower to the extreme level displayed at 3650-75. On the upside, resistance holds to 4300-10 and then 4400-55<\/p>\n \n\t \n\t \n\t <\/p>\n \n\tRob Clayton – Senior Technical Analyst – has been providing technical analysis on Foreign Exchange, Futures, and Interest Rate products for the past 21 years. He held many senior analyst roles including the role of Senior Technical Analyst at Westpac Institutional Bank for 12 of those years. Rob is now part of the investments team at GTL<\/span> Capital Management. Rob’s daily reports are read by institutional and professional clients in Australia, Asia, Europe and the Middle East.<\/em><\/p>\n \n\tGTL<\/span> Capital Management provides proven managed trading services and technical analysis across multiple asset classes. Utilising<\/span> over 100 years of combined trading knowledge the investments team provides a dedicated focus on absolute returns for its clients. GTL<\/span> Capital Management Pty Ltd is a wholly owned subsidiary and a Corporate Authorised<\/span> Representative (#416815) of GTL<\/span> Tradeup<\/span> Pty Ltd ACN<\/span>: 145 955 906 ASFL<\/span>: 381 349<\/em><\/p>\n \n\tFor more information please visit www.gtltradeup.com.<\/a><\/em> \n\t \n\tRisk Warning: Trading in leveraged or geared products such as derivatives and margin foreign exchange carries a high level of risk to your capital and you should only trade with money you can afford to lose. We encourage you to consider your investment objectives, your risk tolerance and trading experience when deciding to deal in GTL<\/span> Tradeup<\/span> products. We recommend you seek independent advice. It is possible to lose more than your initial invested funds when trading in geared products. Trading derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved. <\/em><\/p>\n \n\tGeneral Advice: Any advice or trading view provided by GTL<\/span> Tradeup<\/span> or GTL<\/span> Capital Management is general in nature and does not take into account any of your objectives, financial situation or needs unless specifically agreed to by a statement of advice (SOA<\/span>). For this reason, before you act on any information, you should consider the appropriateness of the information to you and if necessary seek independent advice. The Financial Services Guide (FSG<\/span>) and Product Disclosure Statements (PDS<\/span>) for GTL<\/span> Tradeup<\/span> products are available from our website www.gtltradeup.com <\/a>or by contacting us by email: sales@gtltradeup.com or by phone: +61 2 8095 7520. The FSG<\/span> and PDS<\/span> should be considered before deciding to enter into any derivative or foreign exchange transaction with GTL<\/span> Tradeup<\/span>.<\/em> Robert Clayton of GTL Management suggests a breach of 4140 for the ASX 200 will result in further negative price action.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59957"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59957"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59957\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n
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