Crush a Can Wednesday

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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEST)


The XJO closed lower on Tuesday, where spread remained about average, volume almost increased to average, and the close was poor.
For the second day the Index attempted to move higher from the open, but was unable to maintain a rally during the session.  
Supply continues to be drawn out & the XJO will probably grind lower until it is absorbed and/or removed.
Price is right down near the lows of the trading range and is obviously vulnerable to a serious supply event at this level.
The expectation is for another downbar of some sort today, in response.



(sort of looks like he went long at the May Highs......)


Good Trading and Investing