TSX Index could test support of 12,500
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.
Relevant articles picked from the Web:
- Talisman layoffs could be harbinger of pain ahead for other Canadian gas producers — FP — February 20, 2013
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