Pivot Point 5229. Market looking to open stronger with Asia up 1% and USA closing up 0.5%. Daily range has been 84pts on average over the last 10 trading days. Major support @ 5200 needs to hold. Failing that we could see a quick move down to test 5000 level. Support at 5191, 5206 and 5215. Resistance at 5245, 5262 and 5286. Trading range today 5200-5300.
Target level 5286, up 59pts 1.1%
Australia ASX200 (4673) up 29pts 0.6%. Resistance 4860
Japan Nikkei 225 (10414) up 162pts 1.6% Resistance @ 10700Shanghai Composite (2994) up 7pts 0.25%. Resistance @ 3000
USA S&P500 (1097) was up 5pts 0.5% Support @ 1080
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