The XJO closed slightly lower on Tuesday, where as expected volume increased considerably.
And on that increased volume, spread reduced a little over Monday's spread, and the close was only about midbar, which altogether suggests there is still some indecision and uncertainty in the market. That said, price comfortably remained above the important line @~5300 (arrowed), and price also closed up near the highs of Monday's range, so it appears the buyers may still hold the upper hand.
All the levels mentioned yesterday remain valid.
cheers
.
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