• Index and Commodities Trading Week Beginning 14/10/2024

    Index and Commodities Trading Week Beginning 14/10/2024

    • October 13, 2024

    XJO WEEKLY Price structure:  Inside range. The Index continues to consolidate above the important 8083 support level, with last week’s Inside period up close (IPu). The Index continues to develop a Bullish ledge with the potential to move towards 8500 points in line with the current Primary UP trend. Although the Index is heavily weighted

    READ MORE
  • Index and Commodities Trading Week Beginning 07/10/2024

    Index and Commodities Trading Week Beginning 07/10/2024

    • October 6, 2024

    XJO WEEKLY Price structure: Outside range. Investor sentiment weakening as war remains in the headlines. The XJO Index has remained resilient to hold above the 8083 point level on the close of the week. The outside range (OPd) has continued to develop the consolidation above this critical level. Throughout the 2024 period numerous OPd’s have

    READ MORE
  • Index and Commodities Trading Week Beginning 30/09/2024

    Index and Commodities Trading Week Beginning 30/09/2024

    • September 29, 2024

    XJO WEEKLY Price structure: Inside range. With the Index heavily weighted with Banks and large resource companies, the rotation from banks to resources last week went largely unnoticed within the Index value. The retest low towards the 8083 level with the high close in the range remains bullish for further gains in the short term (1

    READ MORE
  • Index and Commodities Trading Week Beginning 23/09/2024

    Index and Commodities Trading Week Beginning 23/09/2024

    • September 22, 2024

    XJO WEEKLY Price structure: Strong Bullish range. The FO Fake Out is where the price moves past a previous high point, the closing price position is the key observation, in this case the closing price 8209.0 points is above the previous FO high of 8148.0 points, this remains a Bullish setup for further gains. This

    READ MORE
  • Index and Commodities Trading Week Beginning 16/09/2024

    Index and Commodities Trading Week Beginning 16/09/2024

    • September 15, 2024

    XJO WEEKLY Price structure: 2nd Outside range. Last the discussed OPd has failed to follow through lower, no close below the 7910 level occurred, this being the message from the market. Again, last week the 7910 level was retested followed by a rally to close again above the 8083 initial resistance level of 9 weeks ago.

    READ MORE
  • Index and Commodities Trading Week Beginning 09/09/2024

    Index and Commodities Trading Week Beginning 09/09/2024

    • September 8, 2024

    XJO WEEKLY Price structure: Outside range. The XJO Weekly chart has set an “outside period” with a long-range bar high to low. Using the Haguro method this type of bar (#9) with a lower wick exposed is identified as a turning point bar when found in a high price area following the August low point.

    READ MORE
  • Index and Commodities Trading Week Beginning 02/09/2024

    Index and Commodities Trading Week Beginning 02/09/2024

    • September 1, 2024

    XJO WEEKLY Price structure: Closing all time high. The Weekly chart shows another small range low to high advance, the current close at a Weekly all-time high is an important observation as no broad profit taking has taken place indicating sentiment remains strong. Current observable price rejection (FO) still remains from above the 8083 level.

    READ MORE
  • Index and Commodities Trading Week Beginning 26/08/2024

    Index and Commodities Trading Week Beginning 26/08/2024

    • August 25, 2024

    XJO WEEKLY Price structure: All time high on the close. The Weekly chart shows a small range low to high advance, the current close at an all-time high is an important observation as no broad profit taking has taken place. Current observable price rejection remains above the 8083 level. This week key support remains above the

    READ MORE
  • Index and Commodities Trading Week Beginning 19/08/2024

    Index and Commodities Trading Week Beginning 19/08/2024

    • August 18, 2024

    XJO WEEKLY Price structure: Testing for a breakout. Last week the XJO set a solid range low to high to close just below the Weekly all time high closing value of 7971 points and above the key 7910 resistance level. This is a very Bullish setup for further gains with 8500 points the upside target.

    READ MORE
  • Index and Commodities Trading Week Beginning 12/08/2024

    Index and Commodities Trading Week Beginning 12/08/2024

    • August 11, 2024

    XJO WEEKLY Price structure: Testing support 3 times. The XJO Index now shows 3 spike low points testing the 7632 level. With support building at this level, a further breakout higher with potential to retest the 8148 level . The Australian reporting session gets underway this week, this will be the sentiment driver over the

    READ MORE
  • Index and Commodities Trading Week Beginning 05/08/2024

    Index and Commodities Trading Week Beginning 05/08/2024

    • August 4, 2024

    XJO WEEKLY Price structure: Testing support Last week the Index set a new all time high with immediate rejection back towards the 7910 support level. This type of Fake out (FO) or Bull trap where the nearby high of Three weeks ago is breached with immediate rejection is now a developed Bearish pattern that can result

    READ MORE
  • Index and Commodities Trading Week Beginning 29/07/2024

    Index and Commodities Trading Week Beginning 29/07/2024

    • July 28, 2024

    XJO WEEKLY Price structure: Bullish support Following the inverted hammer bar 2 weeks ago, further high price rejection saw the Index (market) trade lower below the key 7910 level. However, the close of last week remained above this key level and above 50% of the whole weekly range, high to low. This is a bullish

    READ MORE