A glance through the latest expert views and predictions about commodities, with differening opinions as to whether resource stocks are over-reacting to the Henry tax review.
The TechWizard has identified two more prime candidates for traders looking to go short.
The Wizard reports his bearish view on Perpetual shares has been confirmed.
The TechWizard is convinced the ASX200 will retest 4500 while the S&P500 has now confirmed a head-and-shoulders formation.
One last hike and we have reached the “average” level, with the RBA hinting the tightening phase is over for now.
As things have moved fast since his earlier assessment, the TechWizard has updated his technical analysis of Fortescue shares.
The RBA this afternoon decided to lift its cash rate to 4.5%.
While the proposed resource tax is nothing but bad from an industry point of view, confusion over details has led to varying analyst interpretations before we even consider whether this legislation will pass.
Morgan Stanley continues to expand its smaller cap company coverage, initiating with Overweight ratings on Campbell Brothers, Imdex, CSG Limited and SAI Global.
Spot uranium is back where it was one month ago.
