ASX 300 Metal & Mining Index is holding its ground at 3093

ASX 300 Metal & Mining Index closed on Friday 18-8-17 at 3093 a critical support price point which had four consecutive failed attempts in the past five months and was recently successful on 4/8/17 but after seven trading days it is showing signs of weakness to maintain its trading activities above 3093.

Three things could happen in the coming weeks.
1. The Index price could hold its ground and continue its up trend
2. It could fall below 3093 and head down to 2950 and bounce back to around 3090
3. The Index price could drop to 2950, fail to hold and continue its downward trend to around 2743