TSX Index could test support of 12,500
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.
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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