ASX200 eyes a fresh record high
The ASX200 is set to open this morning at fresh record highs, seven weeks after striking its previous record high of 8148 back in early August.
From here a sustained close above 8150 would open the way for the rally to extend towards weekly trend channel resistance at 8230/50ish. Conversely, a failure to sustain the break above 8150 would keep the ASX200 range bound with scope for a retest of last week's 7918 low.
ASX futures closed 53 points (+0.65%) higher this morning at 8168, indicating the ASX200 should open higher at ~8175.
From here a sustained close above 8150 would open the way for the rally to extend towards weekly trend channel resistance at 8230/50ish. Conversely, a failure to sustain the break above 8150 would keep the ASX200 range bound with scope for a retest of last week's 7918 low.
ASX futures closed 53 points (+0.65%) higher this morning at 8168, indicating the ASX200 should open higher at ~8175.
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