The XJO closed lower on Thursday, and closed fractionally below...

The XJO closed lower on Thursday, and closed fractionally below yesterday's low.
While today's price action was not a disaster or anything (yet), price has not however confirmed Wednesday's positive move (yet).
It really just left some uncertainty....
There was always likely to be some more supply drawn out at this level.  Although the volume was pretty strong again as price moved lower.  If the opportunity presents, I expect a sweep lower is quite likely early tomorrow, to see how much more supply is drawn out.
As usual, watch for the response and see what unfolds tomorrow.


cheers

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