• Index and Commodities Trading Week Beginning 26/02/2024

    Index and Commodities Trading Week Beginning 26/02/2024

    • February 25, 2024

    XJO WEEKLY Price structure: Consolidation The forward view for a further retracement remains the technical observation for this week. The small range set last week against the reversal bar #3 does not indicate selling pressure. With the close above the October 2021 all-time high level of 7632, support remains strong at this level. Consistent with

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  • Singapore Traders Fair Expo 2024

    Singapore Traders Fair Expo 2024

    • February 24, 2024

    FP Markets is excited to announce that we will participate in the Singapore Traders Fair Expo on the 2nd of March 2024! The expo is a unique opportunity for FP Markets Team to interact with attendees and discuss current and future market trends and gave them an in-depth look into the company’s philosophy. Our knowledgeable

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  • Index and Commodities Trading Week Beginning 19/02/2024

    Index and Commodities Trading Week Beginning 19/02/2024

    • February 18, 2024

    XJO WEEKLY Price structure: Hangman Weekly close The Weekly range testing lower levels and closing towards the high indicates selling; this type of process can show in Weekly charts 1 or 2 weeks prior to a decline. Q3 2022 shows a hangman reversal following a Bullish fluid movement. With a lower high and Lower Low against

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  • Index and Commodities Trading Week Beginning 12/02/2024

    Index and Commodities Trading Week Beginning 12/02/2024

    • February 11, 2024

    XJO WEEKLY Price structure: High range Weekly close The closed top (no wick) hammer bar is an ideal setup for continuation; the retest of the previous week’s low shows buyers willing to enter the market on mid-week weakness. With the price closing over the important all-time high value of 7632, the momentum move has the

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  • Index and Commodities Trading Week Beginning 05/02/2024

    Index and Commodities Trading Week Beginning 05/02/2024

    • February 4, 2024

    XJO WEEKLY Price structure: 2nd Bullish Weekly close As the Index moves to a new all time high with a strong range bar low to high, the indication is for market sentiment to remain positive in the coming weeks.  The Index has also confirmed a move into a technical Primary UP trend. The 7632 level remains

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  • Index and Commodities Trading Week Beginning 29/01/2024

    Index and Commodities Trading Week Beginning 29/01/2024

    • January 29, 2024

    XJO WEEKLY Price structure: Bullish Weekly close The XJO has set a strong pivot reversal pattern from the 3-bar retracement, following consistent strength in Banks and large resources. This will be the third attempt at a new all-time high over the 7632 level. A breakout will set the Index into a Primary UP trend. Positive market

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  • Index and Commodities Trading Week Beginning 22/01/2024

    Index and Commodities Trading Week Beginning 22/01/2024

    • January 21, 2024

    XJO WEEKLY Price structure: Bullish Weekly close The Weekly chart of the XJO shows a bullish reversal bar with a close above the mid range of the overall bar. Wit the retest towards the 7200 low falling short it adds to the bullishness of the current run from the 6930 support level. Traders should look for

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  • Index and Commodities Trading Week Beginning 15/01/2024

    Index and Commodities Trading Week Beginning 15/01/2024

    • January 14, 2024

    XJO WEEKLY Price structure: Bullish Consolidation The week in balance is below the 7565 level without a retest towards the 7200 level. Further consolidation would be expected without an economic driver to influence market buying or selling. Consolidation in the form of a developing Bullish flag pattern in this “high place” remains bullish for further

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  • Index and Commodities Trading Week Beginning 08/01/2024

    Index and Commodities Trading Week Beginning 08/01/2024

    • January 7, 2024

    XJO WEEKLY Price structure: Consolidation Following the fluid movement up of the past 4 weeks the key reversal bar in the form an OPd (outside period) has started rejection from the all-time high level of 7632.0 points. The immediate expectation is for a retest of the 7200 level as a key activity and psychological level

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  • Index and Commodities Trading Week Beginning 02/01/2024

    Index and Commodities Trading Week Beginning 02/01/2024

    • January 1, 2024

    XJO WEEKLY Price structure: Strong advance. The Index remains within 20 points of an all time high following a sustained advance from the late October bullish OPu. This seasonal window has a few weeks to run, however given the already extended price movement from the 6800 lows, traders should now monitor price for a move

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  • Index and Commodities Trading Week Beginning 18/12/2023

    Index and Commodities Trading Week Beginning 18/12/2023

    • December 17, 2023

    XJO WEEKLY Price structure: Strong advance. A very strong range (impulsive), closing towards the high has presented last week, some follow through should again be expected during this trading week. With the current Weekly closing price remaining within the larger range between support at 6930 and resistance of 7565, the index still remains within a

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  • Index and Commodities Trading Week Beginning 11/12/2023

    Index and Commodities Trading Week Beginning 11/12/2023

    • December 10, 2023

    XJO WEEKLY Price structure: Strong advance. A strong range, closing at the high was presented last week, some follow-through should be expected during this trading week. With the current Weekly closing price remaining within the larger range between support at 6930 and resistance of 7370, the index remains within a downward movement. A further weekly

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