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The XJO closed lower on Friday. Price came back with a narrow...

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    The XJO closed lower on Friday.
    Price came back with a narrow spread and reduced volume, and closed within the previous three bars range.
    There was no serious selling pressure today, and this was not a down bar that suggested any downside 'intent', it was much more like a down bar that was marking time waiting for a more favourable opportunity, or some kind of confirmation or catalyst.
    xjo 070820.png

    Weekly Charts later tonight

    cheers

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