• Index and Commodities Trading Week Beginning 11/12/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 04/12/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 27/11/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 20/11/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 13/11/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 06/11/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 30/10/2023

    Index 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

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  • Index and Commodities Trading Week Beginning 16/10/2023

    Index and Commodities Trading Week Beginning 16/10/2023

    • October 15, 2023

    XJO WEEKLY Price structure: Remains Bullish above 6390 The Weekly chart of the XJO shows the side-by-side body indicating a bullish reversal underway, with a close over the 7000-point level a positive. Although the Index remains within a sideway channel with 6930 as the key support level, the breakdown 2 weeks ago was met with

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  • Index and Commodities Trading Week Beginning 09/10/2023

    Index and Commodities Trading Week Beginning 09/10/2023

    • October 8, 2023

    XJO WEEKLY Price structure: Remains Bullish Last week’s “fake out “ low remains a very positive signal for a rally from this level. The retest of the 6930 has been discussed in the past weeks. Historically October remains a bullish month, with a closing price over this current fake-out bar high in the 7030 range

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  • Index and Commodities Trading Week Beginning 02/10/2023

    Index and Commodities Trading Week Beginning 02/10/2023

    • October 1, 2023

    XJO WEEKLY Price structure: Remains Bullish The small weekly range indicates the market has moved into balance during the last week of the Quarter. Strong support is indicated between the 7000 and 7070 midpoint from the March impulsive range. Historically, October remains a bullish month, with a closing price over this current inside range (IPd)

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  • Index and Commodities Trading Week Beginning 25/09/2023

    Index and Commodities Trading Week Beginning 25/09/2023

    • September 24, 2023

    XJO WEEKLY Price structure: Overall, the view remains Bullish An expanding range to the downside with the test below the 7000 level finding buyers willing to lift the index back towards the 7070 midpoint level. Consolidation continues with the sellers unable to take the market lower and buyers not willing to take the market higher.

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  • Index and Commodities Trading Week Beginning 18/09/2023

    Index and Commodities Trading Week Beginning 18/09/2023

    • September 17, 2023

    XJO WEEKLY Price structure: Overall, the view remains Bullish A bullish reversal last week will set the stage for a further move higher; the first resistance level of 7370 may provide some initial resistance and will remain the first support level should the market move over this level. The second key observation is the current

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