Index and Commodities Trading Week Beginning 15/04/2024
- Featured Posts, Recent Posts, Technical Analysis, Technical Report
- April 14, 2024
Blog
Technical Report
- Home
- Technical Report
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
READ MOREIndex 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
READ MOREIndex 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
READ MOREIndex 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
READ MOREIndex 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
READ MOREIndex 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
READ MOREIndex and Commodities Trading Week Beginning 04/12/2023
- December 3, 2023
XJO WEEKLY Price structure: Weak advance. Closing towards the high of the week suggests some follow-through should occur. The importance of the Index, although heavily weighted in 5-8 stocks is the sentiment reading on the strength of the buyers. The current small range for the Week indicates the market remains in balance. Also, the current
READ MOREIndex and Commodities Trading Week Beginning 27/11/2023
- November 26, 2023
XJO WEEKLY Price structure: Weak advance. An inside range for the week with the close well off the high shows a lack of commitment from the Bullish side. This small resistance level may provide further headwinds in the coming trading week. The importance of resistance levels in the Index underscores market sentiment and should not
READ MOREIndex and Commodities Trading Week Beginning 20/11/2023
- November 19, 2023
XJO WEEKLY Price structure: Weak advance. And advance during the week with the close well off the high shows a lack of commitment from the Bullish side. The current Weekly closing price remains within the larger range between support at 6930 and resistance of 7370. The index remains in a downward movement. A weekly close
READ MOREIndex and Commodities Trading Week Beginning 13/11/2023
- November 13, 2023
XJO WEEKLY Price structure: Balance following a Bullish Outside range. Last week the XJO closed in “balance” following a rise earlier in the week, this remains a bullish signal flowing the Pivot point from the week prior. This week an immediate rise in the Index could be expected. A closing price over the 6988 level
READ MOREIndex and Commodities Trading Week Beginning 06/11/2023
- November 5, 2023
XJO WEEKLY Price structure: Bullish Outside range. From a very Bearish view on the break of a major support level, the Index has posted a Bullish outside range up close (OPu). With the close currently at an important resistance level, the price direction this week will be the driver for the coming weeks. Although too
READ MOREIndex and Commodities Trading Week Beginning 30/10/2023
- October 29, 2023
XJO WEEKLY Price structure: MAJOR Support broken. With a breakdown below an important support level of 6930, the index now enters a bear market with a Primary downtrend in place. Major support remains at 6400 should price weakness persist. With the month of October closing negative the statistical outcome will be a further decline into
READ MORE
Latest Posts
Start
Trading
in Minutes
Trading
in Minutes
Open an account now
Access +10,000 financial
instruments Auto open & close positions News & economic calendar Technical indicator & charts Many more tools included
By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.
