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Good Morning and Welcome to the XJO Monday Thread
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News for Today (AEST)
The XJO closed lower on Friday, where spread increased, but volume reduced to the lowest for the week.
Price pushed lower again, testing back through the previous congestion which has drawn out above average volume all week.
The Index eventually closed back above the previous Friday's low, and the lower volume suggests that supply is reducing at this level.
The bears will be looking for the sellers to gain the upper hand again next week, and engineer a close clearly below the blue line below @5807.8, which would put the index in a position to breakdown.
Good Trading and Investing
Nylon Stockings Monday
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Last
7,749.7 |
Change
34.200(0.44%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,715.5 | 7,777.8 | 7,714.0 |
| XJO (ASX) Chart |