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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, for the eighth consecutive day.
The Index initially moved higher in response to the recent attempts to support the market, but price was overwhelmed by ongoing supply during afternoon trade and it eventually closed lower.
Spread narrowed, volume increased and the close was poor (which just confirms the weakness seen on Tuesday).
Price is clinging onto the trading range lows and looks quite vulnerable.
It appears it wouldn't take much more of an effort now to force a serious breakdown of the range.
Good Trading and Investing
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Motivation - Wednesday
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |