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Good Morning and Welcome to the XJO Tuesday Thread

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News for Today (AEDST)......lots around the world today......




The XJO closed lower on Monday, where spread increased, but volume reduced.
Price pulled back on relatively low, and reduced, volume, and closed on a previous breakdown line.
The close a little of the day's low suggests some speculative support may have come in, although if correct, expect these positions to be quickly dumped early in the session, if the overseas overnight trading is not particularly positive.
While price could easily just reverse from here, don't be surprised if the low @5604 is tested for support - where a price breakdown at this level would see lower price levels tested (signalling a possible change in short term trend), however a successful test @5604 would add potential strength to the chart, for a secondary challenge to the previous highs.






Good Trading and Investing