The XJO is expected to edge higher on open this morning following a U.S session which was mostly down but managed to crawl back intraday losses to finish marginally in the green. Their futures have also edged into the green. We should open testing 7,850 resistance, though it is hard to suggest we will break
Read More
The XJO is expected to open higher this morning despite a flat session in the U.S overnight. Their futures are also flat. Our expected positive open may be due to a strong move higher in iron ore yesterday, with the iron ore miners rising sharply in the US. Yesterday we meekly priced in some of
Read More
The XJO is expected to rally on open this morning following a strong rebound in the U.S on Friday which saw their market move back above their key support. Their futures are also in the green. On Friday we managed to retake almost half of the intraday losses by close as we rebounded off key
Read More
The XJO is expected to open lower this morning following a big selloff in the U.S overnight. Their futures are flat. We should wipe off yesterday’s relief rally and continue the decent we started on Wednesday. 7,750 support will be tested on open this morning, and will likely fail. 7,700 is the next key level
Read More
The XJO is expected to open higher this morning following a recovery in the U.S which saw their market rebound from support and their underlying uptrend line. Our market should open just above 7,800. Like the U.S, we are also bouncing from key support at 7,750 which we stalled at yesterday. With U.S futures being
Read More
The XJO is expected to edge lower on open this morning following a pullback in the U.S overnight. Our market remains overbought in the short-term, and a move like last night should lead to selling, however at this stage our market looks resilient. This may be due to a combination of flat U.S futures, and
Read More