For Pete's Sake...... Friday

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Good Morning and Welcome to the XJO Friday Thread

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News for Today (AEDST)




On Thursday the XJO closed slightly higher, after being in negative territory earlier in the session.
Spread narrowed as price dipped lower, and while volume increased to above average (which would normally suggest decent buying), it may have been affected by options and futures expiry day (although often the majority of expiry volume often comes through the day after....I don't know why....).
Anyway, on Thursday there was a reasonable attempt to support the market adjacent to the 3rd and 17th of Feb lows (it was not a perfect attempt for sure, and a bit of over enthusiasm did almost carry price up to the blue potential resistance line above, before it settled down a bit, to close as a slight up bar).
Price continues to look vulnerable at this level, especially while price remains below the old trading range lows.







Good Trading and Investing

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