Australia’s S&P/ASX 200 – breaking out to new five-year highs and a sustained move below the 200-day MA would be required to question medium-term scope for continued upside.
Feeder Cattle – continues to extend the medium-term uptrend and while becoming increasingly overextended relative to the 200-day MA, a clear downward dynamic would be required to check momentum.
Copper – posts a failed downside break by rallying back above $3 and a sustained move below that level would be required to question current scope for a retest of the upper side of the almost yearlong range.
FTSE 250 Mid-caps – returns to test the region of the 200-day MA and will need to hold above the 15,500 area if the medium-term uptrend is to continue to be given the benefit of the doubt.
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