Index and Commodities trading week beginning 29/05/2023
- Recent Posts, Technical Analysis, Technical Report
- May 28, 2023
XJO WEEKLY Price structure: Impulsive With a clear break away from the 6930 level, the 7200 level remains as resistance this week. The very strong range can be indicative for further gains. With a strong price movement from the 6400 low area this current movement higher is regarded as corrective. Resistance at 7200 is regarded
READ MOREXJO WEEKLY Price structure: The Weekly closing price has remained below the 6930-level following the price support level of 6620 remaining intact. The next level of resistance at 7200 remains the target in this current movement higher. Price reaching this level would indicate a breakout of the current down trend. Indicator: Relative strength 14: Relative
READ MOREXJO WEEKLY Price structure: The “midpoint” support level of 6620 remains in play with resistance of 6930 the immediate go to point for further gains. A close over this level and the Daily resistance of 7130 would be very bullish for further gains. To build a primary UP trend a move over the 7200 level
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORE