• Index and Commodities Trading Week Beginning 15/07/2024

    Index and Commodities Trading Week Beginning 15/07/2024

    • July 14, 2024

    XJO WEEKLY Price structure:  Primary Trend breakout From consolidation comes the Bullish breakout, the close in the high section of the range indicates a committed move from the buyers. The week posted a strong range low to high over the previous “inside period” (IPu) and remains larger than recent ranges contained within the 6 month

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  • Index and Commodities Trading Week Beginning 08/07/2024

    Index and Commodities Trading Week Beginning 08/07/2024

    • July 7, 2024

    XJO WEEKLY Price structure: Consolidation pattern remains Last week the Index set a higher low and closed the week at the high range, although an Inside Period (IPu) the outlook remains bullish for a retest of the 7910 resistance level. With 23 weeks of trading above the 7632 level, within a 278 point range, the

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  • Index and Commodities Trading Week Beginning 01/07/2024

    Index and Commodities Trading Week Beginning 01/07/2024

    • June 30, 2024

    XJO WEEKLY Price structure: Consolidation remains The month of July historically remains a bullish month for equities, with an over 90% potential outcome for the Index to end higher for the month. However, history shows that the month often has significant declines in the 1st and 2nd weeks. Currently, the XJO 200 remains in consolidation, with

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  • Index and Commodities Trading Week Beginning 24/06/2024

    Index and Commodities Trading Week Beginning 24/06/2024

    • June 23, 2024

    XJO WEEKLY Price structure: Consolidation remains There is further consolidation in the Weekly chart as the Index remains between 7632 support and 7910 resistance. This period of consolidation does not change the current UP trend. It remains a bullish consolidation above support. Based on the current range low to high, the expectation is for a breakout

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  • Index and Commodities Trading Week Beginning 17/06/2024

    Index and Commodities Trading Week Beginning 17/06/2024

    • June 16, 2024

    XJO WEEKLY Price structure: Consolidation remains The Bullish “Pivot” setup discussed last week has failed to bring further buying to the market with a complete reversal seen in the price action last week. The Weekly price movement remains between resistance of the 7910 all-time high, and Support shown at 7632. No reversal of the Primary UP

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  • Index and Commodities Trading Week Beginning 10/06/2024

    Index and Commodities Trading Week Beginning 10/06/2024

    • June 9, 2024

    XJO WEEKLY Price structure: Consolidation Although the Index remains within a wide consolidation zone, last week, the market moved higher to close over the previous week’s high point and finally set a pivot point reversal following the prior week’s retest towards the 7632 level. This is a very Bullish setup, with a breakout above the

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  • Index and Commodities Trading Week Beginning 03/06/2024

    Index and Commodities Trading Week Beginning 03/06/2024

    • June 2, 2024

    XJO WEEKLY Price structure: Consolidation Price consolidation remains the most likely outcome in the coming weeks, as the Index sets resistance at 7910 and support around the (ATH) all-time high level of 7632. Last week, the index set a “spinning” candle with a large range from high to low, further indicating the developing indecision between

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  • Index and Commodities Trading Week Beginning 27/05/2024

    Index and Commodities Trading Week Beginning 27/05/2024

    • May 25, 2024

    XJO WEEKLY Price structure: Consolidation Failure of the Index to trade over the 7910 level clearly shows the developing resistance level and developing the reading channel. The Inside period (IPd) down close is a Bullish outcome overall, indicating real selling failed to break the previous week’s low point. Going forward, the observation may develop. This

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  • Index and Commodities Trading Week Beginning 20/05/2024

    Index and Commodities Trading Week Beginning 20/05/2024

    • May 19, 2024

    XJO WEEKLY Price structure: Consolidation Last week saw rejection below the 7910 level with a low close in the range. In the coming week,, the 7910 level will be the key observation for traders to gauge market strength. The underlying primary trend remains UP. Good technical support remains at 7632. This will be the level

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  • Index and Commodities Trading Week Beginning 13/05/2024

    Index and Commodities Trading Week Beginning 13/05/2024

    • May 12, 2024

    XJO WEEKLY Price structure: Consolidation Last week a higher low and higher high has moved off the 7632 all-time high-level set in August 2021. The index has now remained at or around this level for the past 20 weeks. The rising wedge pattern broke to the low side with the impulsive move, the current rally

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  • Index and Commodities Trading Week Beginning 06/05/2024

    Index and Commodities Trading Week Beginning 06/05/2024

    • May 5, 2024

    XJO WEEKLY Price structure: Consolidation Sellers continue to maintain strength over the price action with last week’s “short range” higher close bar. The 7632 level now provides resistance following the impulsive down move 3 weeks ago. The Index is now developing a trading range between the spike lows at 7500 points and resistance at 7900

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  • Index and Commodities Trading Week Beginning 29/04/2024

    Index and Commodities Trading Week Beginning 29/04/2024

    • April 28, 2024

    XJO WEEKLY Price structure:  Inside range The brief rally early in the shortened four-day week met with resistance at the 7700 level (see Daily below). Currently, the weekly closing price is almost equal to the open, and the bar is an “inside range.” The current Weekly bar is also the second close below the 7632

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