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
America closed for Thanksgiving. Europe traded and showing a...
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Last
7,700.3 |
Change
-24.000(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,724.3 | 7,730.1 | 7,698.2 |
| XJO (ASX) Chart |
