Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.
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Daily Australian Stocks Update
December 20, 2024
 
   
 
 
Web TV from Trading Central
 
 
 
USD/JPY : Turning Down
 
Dollar yen has located an intraday key resistance at 157.80.
 
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SPI 200 (ASX)   Home Consortium   Australian Gas Light  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
SPI 200 (ASX)‎ Intraday: the downside prevails.
 
Pivot:
8145
 
Our preference:
Short positions below 8145 with targets at 8050 & 7995 in extension.
 
Alternative scenario:
Above 8145 look for further upside with 8225 & 8288 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
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Home Consortium intraday: the upside prevails as long as 8.26 is support
 
Our pivot point is at 8.26.
 
Our preference:
The upside prevails as long as 8.26 is support.
 
Alternative scenario:
Below 8.26, expect 7.7 and 7.14.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Home Consortium is above its 20 and 50 period moving average (respectively at 9.79 and 9.9).
 
Analyst Views Chart
 
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AGL Energy intraday: the upside prevails as long as 10.74 is support
 
Our pivot point is at 10.74.
 
Our preference:
The upside prevails as long as 10.74 is support.
 
Alternative scenario:
The downside breakout of 10.74 would call for 10.65 and 10.57.
 
Comment:
The RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. AGL Energy is trading above both its 20 and 50 period moving average (respectively at 10.81 and 10.78).
 
Analyst Views Chart
 
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