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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)
The XJO closed higher on Wednesday, where spread increased, volume was about average, and the close was down around midbar.
There was no downside follow through in response to Tuesday's questionable bar.
Price initially accelerated higher in sympathy with overnight trading, however the midbar close reflects supply is being drawn out.
While price may just continue to grind higher, I still feel a pullback of some sort to consolidate may be in order (in an attempt to remove some of this excessive supply).
Good Trading and investing
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