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The indicator is the lowest since March 2023 so I think that...

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paddington bear

18,314 Posts.

8146

20/06/24

08:32

Post #: 74401896
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Originally posted by paddington bear ↑

This really is a special treat and very important. My absolutely favourite index – XSR – Small Resources. It is down into oversold on my indicator at the bottom of the chart. It doesn’t get down that far very often so it can’t be ignored. It doesn’t mean that it has to race back up to the top immediately as we know indicators can take their time. What would be good here would be to see the index go lower but the oversold indicator start to rise. Just have to wait, but it is certainly encouraging when we have so many questions about the market at the moment.
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The indicator is the lowest since March 2023 so I think that makes it fairly important.

XSO Value at posting: 2,969.6
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