• Index and Commodities Trading Week Beginning 15/04/2024

    Index and Commodities Trading Week Beginning 15/04/2024

    • April 14, 2024

    XJO WEEKLY Price structure: Rejection of the high The Fake Out (FO) discussed two weeks ago has continued to play out with a reversal in the form of an outside period (OPd) and, last week, a further rejection of the high with a low closing price in the overall range. With the price remaining within

    READ MORE
  • Index and Commodities Trading Week Beginning 08/04/2024

    Index and Commodities Trading Week Beginning 08/04/2024

    • April 7, 2024

    XJO WEEKLY Price structure: Fake out + OPd The Fake Out (FO) discussed last week has played out with a reversal in the form of an outside period (OPd), with the price remaining within the ascending wedge pattern. The potential flowing an OPd is for further follow-through lower in this chart to retest the 7632

    READ MORE
  • Index and Commodities Trading Week Beginning 01/04/2024

    Index and Commodities Trading Week Beginning 01/04/2024

    • March 31, 2024

    XJO WEEKLY Price structure: Fake out top The underlying Primary trend remains UP, with current price action not indicating a meaningful reversal pattern until a close below 7632 takes place. Last week again set a fake out high (FO) where price has moved over a previous reversal high of 3 weeks prior. A weekly closing

    READ MORE
  • Index and Commodities Trading Week Beginning 25/03/2024

    Index and Commodities Trading Week Beginning 25/03/2024

    • March 24, 2024

    XJO WEEKLY Price structure: Breakout retest Without follow-through lower than the previous week’s retest of the 7632 level, the price action last week remained neutral until the recent high of 3 weeks ago was taken out with a close over 7853 points. The underlying Primary trend remains UP, with current price action not indicating a reversal

    READ MORE
  • Index and Commodities Trading Week Beginning 18/03/2024

    Index and Commodities Trading Week Beginning 18/03/2024

    • March 17, 2024

    XJO WEEKLY Price structure: Breakout retest The key reversal bar stands out as a retest of the 7632 breakout level. This is the key level for the buyers to hold this week. The underlying Primary trend remains UP. A further decline below the 7632 level puts the 7300 level as support to hold. Seasonally, in late

    READ MORE
  • Index and Commodities Trading Week Beginning 11/03/2024

    Index and Commodities Trading Week Beginning 11/03/2024

    • March 10, 2024

    XJO WEEKLY Price structure: Breakout New ATH targets 8000 points The Index has again closed at an all-time high and remains in a Primary UP trend. With the majority of the underlying stocks still below their 200-day moving averages, continued sentiment may lift the Index considerably higher, with 8000 points a strong target as Bullish sentiment improves.

    READ MORE
  • Index and Commodities Trading Week Beginning 04/03/2024

    Index and Commodities Trading Week Beginning 04/03/2024

    • March 3, 2024

    XJO WEEKLY Price structure: Breakout New ATH The Index has closed at an all time high and entered into a Primary UP trend. With the majority of the underlying stocks still below their 200 day moving averages, continued sentiment may lift the Index considerably higher with 8000 point a strong target as Bullish sentiment improves. The #3

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE
  • 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

    READ MORE