Index and Commodities Trading week beginning 21 / 04 / 2025
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- April 20, 2025
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RBA Poised to Reduce Cash Rate by 25 Basis Points
- February 16, 2025
The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of
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Index and Commodities Trading Week Beginning 17/02/2025
- February 16, 2025
XJO WEEKLY Price structure: Spinning top The Weekly chart of the XJO displays the Spinning Top candle showing indecision. This suggests a potential pause or reversal in the market’s current trend, indicating that traders are uncertain about the next direction. The spinning top is a clear signal of equilibrium between the buyers and sellers, reflecting the
READ MOREIndex and Commodities Trading Week Beginning 10/02/2025
- February 9, 2025
XJO WEEKLY Price structure: Consolidation The mid-week decline to retest the 8385 level was quickly rejected, leading to a strong recovery. This resulted in the index closing at the higher end of the range, and specifically at the current resistance level of 8515 points. Buyers remain in control of this 12 Month Primary UP Trend largely
READ MOREIndex and Commodities Trading Week Beginning 03/02/2025
- February 2, 2025
XJO WEEKLY Price structure: Breakout The Index continues to close at all time highs, driven by Bank stocks and the leading Industrials. Closing the week in the high end of the trading range indicating confidence in holding positions over the Weekend, the market looks set for continuation higher. Companies reporting quarterly activities dominate some of
READ MOREIndex and Commodities Trading Week Beginning 27/01/2025
- January 26, 2025
XJO WEEKLY Price structure: Breakout The 8385 level has remained the key resistance level to cross for the XJO 200 to remain bullish. A continued breakout above this level would be a significant bullish signal, attracting more buyers into the market and driving prices higher. Market participants will be closely monitoring the price action around
READ MOREIndex and Commodities Trading Week Beginning 20/01/2025
- January 19, 2025
XJO WEEKLY Price structure: Retest lower The Index is moving between to key levels of 8083 operating as Support and 8385 as Resistance. The current risk is a breakdown of the Index through support, at the 8083 level. Should this support fail, it would indicate a potential shift in market sentiment, possibly leading to further declines
READ MOREIndex and Commodities Trading Week Beginning 13/01/2025
- January 12, 2025
XJO WEEKLY Price structure: Retest higher As anticipation mounts about an interest rate cut in Australia and the coming US presidential inauguration, markets appear to be in a consolidation phase waiting for some further direction. The XJO Weekly chart shows a retest of the 8385-level taking place, resulting in two opposing hammer bars. This pattern,
READ MOREIndex and Commodities Trading Week Beginning 06/01/2025
- January 5, 2025
XJO WEEKLY Price structure: 2nd Inside range This Weekly XJO displays a 2nd Inside range, with a high close within the range, this current phase suggests that the market is currently in a state of equilibrium, with buyers and sellers in a stalemate. This pattern is often indicative of a period of indecision in the market.
READ MOREIndex and Commodities Trading Week Beginning 30/12/2024
- December 29, 2024
XJO WEEKLY Price structure: Holds support The Index has set an inside range as it holds support, indicating a potential consolidation phase before the next directional move. This inside range formation suggests that the market is currently indecisive, with neither buyers nor sellers taking strong control. Traders will be closely watching for a breakout from this
READ MOREIndex and Commodities Trading Week Beginning 23/12/2024
- December 22, 2024
XJO WEEKLY Price structure: Impulsive Bearish Candle With last week’s strong impulsive move testing the 8083-support level and the lower channel line and setting a Fake out low (FO). The Index may find further support at this level as a test of the Sellers to follow through as this final bar is an extended range
READ MOREIndex and Commodities Trading Week Beginning 16/12/2024
- December 16, 2024
XJO WEEKLY Price structure: Bearish Pivot The follow through from the Gravestone Candle discussed last week has set a Bearish pivot bar. Further declines could be expected as the Index consolidates below the 8385-point level. A continued decline in the Index has the potential to retest the 8083-support level. The broad Primary UP Trend remains
READ MOREIndex and Commodities Trading Week Beginning 09/12/2024
- December 8, 2024
XJO WEEKLY Price structure: Gravestone The XJO Weekly chart last week has finished with a Gravestone rejection Candle as new high was traded during the week ultimately leading to selling into the close. As the Index has risen from the 8083-support level to set a high of 8514 the 5% movement remains within the normal trend
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