ASX 200 Utilities

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ASX 200 Utilities: 0.618 Fibonacci Fan ($9802.71)

ASX 200 Utilities: The current Fibonacci Fan levels are: (23.61%) $10601.8: (38.2%) $9939.18: (50%) $9870.95: (61.8%) $9802.71The current support levels are: (78.6%) $9705.56: (100%) $9581.81: (138.2%) $9360.91: (161.8%) $9224.44: (261.8%) $8646.16: (423.61%) $7710.45

Sellers are now keener than buyers for ASX 200 Utilities & are driving the price down.

[BEARISH]: ASX 200 Utilitiessellers are keener than buyers and are driving the price down. This is the first day of price decline for XUJ adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.2 & the greatest daily negative change this year has been -2.0. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -5.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -0.900000%

ASX 200 Utilities: Sellers were in control all day.

[BEARISH STRONG]: ASX 200 Utilities opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 6.6%. This suggests the sellers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 11.1%.

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