Miners Wednesday

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



The XJO closed lower on Tuesday, where spread and volume increased to about average.
Price initially dipped lower, then recovered some of the lost ground during the remainder of the session.
Overall price has roughly traded sideways so far this week, which was the expectation.
No serious damage has been done as yet, and the highest probability is for this sideways action to continue.
To breakout again, price needs to push clearly above 5998.1
And should the Index pullback a bit deeper, there are a couple of reasonable potential support levels below @5924.9  &  @5884.9   (a clear break below these levels would suggest a change in intermediate trend).






Good Trading and Investing