Good Morning and Welcome to the XJO Friday Thread
News for Today (AEST)
The XJO closed higher on Thursday,
Volume (value traded) was just a little above average, and was very similar to Wednesdays volume,
however, spread narrowed considerably compared to Wednesdays bar, and the close was close to midbar.
There appears no doubt that some supply re-entered the market on Thursday, and the upwards momentum got the staggers a bit.
Should we see a pullback of some sort, it will give a good measure of the strength in the local Index.
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Good Trading and Investing
cheers
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