Risk-off sentiment sees ASX posting 0.92% loss

ASX is down to 7,247.7, after ending yesterday at 7,315. Overall, a 0.92% loss or 67.3 points today.

ASX 200's upper Bollinger Band® is at 7,354.44 which indicates a further downward move may follow.

Overall, looking at the technical analysis landscape, it seems ASX is likely to start pointing downward in the short term.

In the meantime, negative performances are also seen in other markets, Hang Seng is down to 19,218, losing 381.65 points, after closing at 19,600 in the preceding trading session. Nasdaq is down 167.29 points from the beginning of the session and now trades around 13,500. After ending yesterday's session at 4,388.71, S&P 500 lost 23.02 points and is trading around 4,365.69.

Furthermore, Australia CFTC AUD speculative net positions is scheduled for tomorrow at 20:30 UTC.

ASX hit a significant low of 6,457 around 8 months ago, but has since recovered 13.29%.