lance...
the h & S pattern on the xmj
is deceptive...
below chart compares the xmj against the
crb index...
it looks like the crb has nested a low
first and started a new cycle with xmj to
follow shortly...
great example how variation in cycles
occur along with both financial instruments
following a similar pattern but at different
phases...
once the trendline on the crb is broken the
confirmation of the low will be more convincing
and probably influence the xmj more strongly as
it may be a 'key' signal...
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Last
8,597.7 |
Change
56.600(0.66%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,541.1 | 8,613.0 | 8,536.7 |
| XJO (ASX) Chart |