Back Up - Tuesday

Good Morning and Welcome to the XJO Tuesday Thread

News for Today (AEDST)





The XJO closed lower on Monday, and once again there appears to be some speculative buying coming into the market.

These recent attempts have mostly failed so far ....... certainly not enough to hang your hat on  (except one).

Anyway for the record, Mondays downbar had a wide'ish spread, a close in the middle (roughly), with low volume (value traded).
Which (as already mentioned) infers that some speculative buying was present....but the downbar was in no way climactic or anything like that.
The most you could take from it, is that selling pressure was not overwhelming (low volume on a downbar), and some speculative buying was able to close it in the middle.