$Copper Futures(MAY5) (HGmain.US)$ on New York's Comex exchange soared to unprecedented levels, driven by market anticipation of significant import tariffs on this vital industrial metal.
Since the beginning of this year, Comex copper futures have surged over 30%, hitting historical high, while prices on the London Metal Exchange (LME) have also climbed by 13%, surpassing the critical threshold of $10,000 per ton. Copper minin...

Top gainers: $Codan Ltd (CDA.AU)$, $New Hope Corp Ltd (NHC.AU)$ and $QBE Insurance Group Ltd (QBE.AU)$
Top losers: $Coronado Global Resources Inc (CRN.AU)$, $Pinnacle Investment Management Group Ltd (PNI.AU)$ and $Nickel Industries Ltd (NIC.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ was down 0.4% to 7,828.3. Australian stocks closed lower on Wednesday ending a three-day streak of gains amid heightened risk ...

Top gainers: $Mineral Resources Ltd (MIN.AU)$, $IGO Ltd (IGO.AU)$ and $Pilbara Minerals Ltd (PLS.AU)$
Top losers: $Spark New Zealand Ltd (SPK.AU)$, $Zimplats Holdings Ltd (ZIM.AU)$ and $Meridian Energy Ltd (MEZ.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ rose 0.8% to 7854.1. Australian stocks started the week higher, boosted by China's plan to boost consumption.
Sector performance
7 of 11 sectors ended higher. Despite the fall in iron ...

Market Review
Australian shares ended Friday on a positive note, with the $S&P/ASX 200 (.XJO.AU)$ rising 0.5% or 40.6 points to 7,789.7, marking its first gain since Monday. Despite the late-week rally, primarily driven by strong performances in utilities and mining sectors, particularly iron ore and gold stocks, the benchmark index still recorded its third-largest weekly loss of the year,...

G'day, mooers! Check out the latest news on today's stock market!
• US stocks plunge into correction as trade tensions overshadow inflation data.
• Australian shares rebounds from correction as mining sector surges.
• Stocks to watch: MYR, LTR, etc.
Wall Street Summary
Major US stock indices tumbled on Thursday, with the $S&P 500 Index (.SPX.US)$ officially entering correction territory, dropping more th...

G'day, mooers! Check out the latest news on today's stock market!
• US stocks decline amid US-Canada trade uncertainty; Trump backs off Canada additional tariffs.
• Australian Shares Slump as US Tariffs Hit Home.
• Stocks to watch: RIO, NIC, etc.
Wall Street Summary
U.S. stock markets continued their downward trend on Tuesday, following Monday's significant sell-off. The $Dow Jones Industrial Average (.DJI.US)$ led the d...

Top gainers: $Mercury NZ Ltd (MCY.AU)$, $Beach Energy Ltd (BPT.AU)$ and $Whitehaven Coal Ltd (WHC.AU)$
Top losers: $Johns Lyng Group Ltd (JLG.AU)$, $Insignia Financial Ltd (IFL.AU)$ and $Boss Energy Ltd (BOE.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ rose 0.2% to 7,962.3 points on Monday afternoon. Australian shares rose slightly on Monday following a six-month low in the previous session, as...

Market Review
Australia's stock market ended the week on a sour note, as the $S&P/ASX 200 (.XJO.AU)$ fell 2.74% over the last five days, closing at 7948.2, its lowest since September. The drop, driven by Washington's shifting tariff policies and a sell-off in heavyweights like Commonwealth Bank, pushed the index below 8000 for the first time in six months, contributing to one of the year'...

There's no sugar-coating this. This morning's $S&P/ASX 200 (.XJO.AU)$ break down through the support at 8060 is an unambiguous negative, at least from a technical point of view. A close below the support level today would confirm a bearish outlook, and possibly a continuing downtrend.
For a discussion of potential downside levels, and an explanation of the targets identified by the Fibonacci retracement tool (the light-blue lines on the chart) please see XJO – how low can it go? - moomoo Community
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