America closed for Thanksgiving. Europe traded and showing a recent set of narrow range days, similar to America. Here’s the detailed chart for the E100 (European Top 100):
The index was up +0.17%. The past four days show the chart bouncing back off overhead resistance with some intra-day selling. This doesn’t want to go up. It’s overbought on the RSI.9, not quite up to overbought (above 25) on the True Strength Index, so there could be a bit more in this, but probably not much.
Base Metals were weak. Copper down 0.15%. Spot Iron Ore was up +2.4%, so some of our Miners might do well today, but not the Gold Miners. Gold Futures down -0.6%.
XJO has had three days up. Yesterday the range narrowed, so we could be a bit weaker today – but probably not much in it. i doubt that strength in the Iron Ore Miners will be enough to push us higher.
Redbacka
- Forums
- ASX - By Stock
- XJO
- This is Serious.... - Friday
This is Serious.... - Friday, page-10
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a |
Open | High | Low |
7,982.4 | 8,030.3 | 7,982.4 |
Featured News
XJO (ASX) Chart |