Cold Cuts Thursday

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Good Morning and Welcome to the XJO Thursday Thread

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News for Today (AEDST)




In response to the potentially bullish influence that had developed, the XJO did indeed accelerate upwards, to close sharply higher on Wednesday.  Spread increased to wide, volume was slightly increased,  but the close was just off the highs (at a level where  price had recently failed twice before, indicating supply maybe still be present).
After quite a strong widespread rise, the momentum generated could continue to carry price a little higher, although at this level (where overwhelming supply has been seen previously), an inside bar is probably more likely, sweeping down and testing the supply above that blue line.








Good Trading and Investing

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