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Good Morning and Welcome to the XJO Tuesday Thread
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News for Today (AEST)
The XJO closed higher on Monday
Spread remained narrow, volume (value traded) was again low, and the close was about the middle.
It was a bit of a 'nothing' bar on Monday, price attempted to rise in response to the low selling pressure seen last Friday, however without any reasonable volume, the market didn't have enough oomph (volume/demand) behind it to sustain price at the day highs.
Selling pressure again appears to have been low.
So as a recap of the last few bars, last Thursday saw a nasty individual downbar that inferred weakness, but last Friday saw no serious follow through to the downside, and now Monday saw no serious demand for the upside.
However all that said, the Index overall remains in a sideways action, trading within the weekly bar from the week ended 28th August.
Tuesday usually sees a good increase in volume.........see if that brings anything interesting to add to the story........
Good Trading and Investing
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Last
7,999.3 |
Change
-18.300(0.23%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,017.6 | 8,018.0 | 7,996.9 |
| XJO (ASX) Chart |