TSX Composite Index chart analysis

TSX Index could test support of 12,500
TSX index weekly chart showing support and resistance levels

TSX Index 3-Year Weekly Chart courtesy of BigCharts.com

The intermediate trend is up for the TSX Index and the near-term trend is down. Resistance is located around the 12,800 level with support at 12,500. The energy and materials sectors, representing 45% of the TSX Index, are struggling and there is an increased probability that the TSX will test support at 12,500.

Reference the last chart analysis for the TSX Index.

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