Strawberry Sundae Friday

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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEST)



The XJO closed marginally lower on Thursday, where spread remained narrow, and although volume increased-it was still below average.
The volatility has continued to some extent this week, but has reduced somewhat over the past two days, where Tuesday's gains appear to have been undergoing consolidation.  At this stage price remains safely within the sideways trading range.
To my eye, since the 22nd June the price action has looked far more strong than weak.  With really only one potentially weak bar that showed an 'ease of movement' to the downside, and that was on the last day of the financial year (which can probably be discounted to some extent, unless further weakness is seen to confirm it).  This leaves price in a good position for a move higher to some degree today.




Good Trading and Investing