Bit hesitant with chart as not sure what to make of comments last time? Anyway agree there is resistance around 2.35/2.40, also a couple of fib lines about there, closing above would be very bullish. Longer term downtrend line around 2.70/80 ish and support around 1.80/90 area, under that 1.60 area.
Quite a few expecting XJO to head down to 3800 area which is why I showed lower support areas on a weekly chart last time (with a question mark regarding market direction, no predictions).
If market turns up and upper trendline is broken it could be in for a great run, just ideas for either way. Cheers.
Add to My Watchlist
What is My Watchlist?