Flatmates Friday

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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEDST)



The XJO closed modestly higher on Thursday, where spread narrowed (compared to Wednesday's widespread downbar) and volume was about average.   Similar to overseas markets there was no downside follow through, and in response we saw price content to hover around Wednesday close, potentially mopping up supply.  There was no challenge to the potential resistance line overhead at all, and price only nudged up against it at the day's close.  If the sellers don't (or can't) take control and force a price break down, I won't be surprised if this turns out to be a big shakeout over three or four day's.  
Finally, it appears we continue to trade in sympathy with the overseas markets at the minute to a reasonable extent.....perhaps not completely, but possibly more than usual (where sometimes we lead).




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Good Trading and Investing
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