Good Morning and Welcome to the XJO Monday Thread
News for Today (AEDST)
The XJO reversed back up on Friday & recovered most of the ground lost on Thursday.
It appears to be reacting off the trend line drawn across the Oct 2013/Jan 2014 highs.
It wasn't the most impressive two bar reversal ever
(the real bullish ones have the second bar's close exceeding the first bars high),
however it is a reversal, although in a short term downtrend.
Now we wait to see if there is follow through demand, as it has been demand that appears to be lacking lately.
Russian Asset Values
Good Trading and Investing
cheers
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