Some charts of interest today

Morning all,

Still no real major moves in the US overnight, with a modest 21 point retreat. Even though we saw red, copper hit 5 month highs and most other base metals moved higher.

Below I have posted a few charts of Ausenco (AAX) to show you the significance of a breakout. The first showing when I noticed the break of resistance @ $2.50 or thereabouts.



Since then (only around 6 trading days) it has put on 54c to close at $3.03 yesterday. Below is an updated weekly chart also showing the breakout, along with the next level of resistance which isnt until $3.85. (It's worth noting the 200 day MA on the first chart @ around $3.50 as I think this might see some resistance also.

Anyway, here are a few more charts of interest.

Toro Energy (TOE)



Saracen Minerals (SAR)



Globe Metals (GBE)




Good luck today

Cheers
Kevi