Chart Watch 2009-03-09

 

 

 

XAO - All Ordinaries
Some intraday action today for the All Ordinaries with a low of 3052.5, finally closing up 10 points to 3121.7 (0.3%).

The big miners lifted the index with BHP up 5.31% and RIO Tinto up $3.93%

FMG and RIO both sought to strengthen their balance sheet today. F

ortescue Metals Group (FMG) gained 1.60 per cent to $2.54, and has

agreed to sell a further $86.8 million of its shares to Hunan Valin Iron and Steel Group Company Ltd.  RIO reached an agreement to sell the Jacobs Ranch coal mine in the United States for $US761 million ($A1.19 billion) as part of an asset sale program to reduce debt.

PAG - PrimeAg

 

PrimeAg is fast approaching resistance.

Quick Trends

Symbol	Short Term (10MA)	Medium Term (50MA)	Long Term (200EMA)
XAO	Down	Neutral	Down
XDJ	Down	Down	Down
XEJ	Up	Neutral	Down
XFJ	Down	Down	Down
XHJ	Down	Down	Down
XIJ	Up	Up	Down
XMJ	Down	Down	Down
XTJ	Down	Down	Down
XUJ	Down	Down	Down