Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Terror Bank breaks

David Llewellyn-Smith

Thursday 24 August 2017

Dalian is warming up again today:

XJO is up too as its symmetrical triangle narrows:

With Big Iron powering, it would seem that the odds favour an upside break from that pattern:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.