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  • Jay

Charts Interpretation - Australia

We'll start off with the overall weekly ranking:

Now let's dive into some sectors of interest:

The A-REIT sector broke out of its relative range, now needs to break above its current resistance (~1465) in absolute terms, to be upgraded to "Strong".​ The Gold sector is finding some support at the 38.2% Fibonacci level of the December 2016 - July 2018 advance. ​The Real Estate sector is acting well (strong) in relative terms. ​The Energy sector was downgraded to Average, whereas the Metals and Mining as well as the Resources sectors were downgraded to Weak. ​

Interesting week ahead!


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