Another solid move in the resource sector with a number of names running hard today. As the US$ remains in a bearish pattern we should continue to expect commodities to retain their strength and therefore will continue to focus in this sector. The US markets are trying to breakout to new highs but aren’t able to get on with it. They remain overextended according to some of our technical signals with a chance ahead of the weekend to reverse. Locally the daily price and momentum trends remain up so there is no reason to be looking at short positions.
A nice breakout in MMX for us…
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