ALL ORDINARIES INDEX [Australia]

Australia 200 keeps struggling with 6,000 resistance which it needs to overcome soon in order to call off a double top that has been forming. A lower high in the RSI suggests upward momentum starting to weaken. Initial support near 5840 then 5760 -5600  with next measured resistance on a breakout near 6,210.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk