The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures have edged into the green. Our market pulled back yesterday to test the short-term uptrend line and this morning we should test it again. With U.S futures in the green, we may continue to
Read MoreThe XJO is expected to open lower this morning following another small pullback in the U.S overnight. Their futures have edged into the green. Yesterday we reached all-time high resistance at roughly 7,850 and then pulled back intraday to give up almost half the day’s gains – keeping in step with the general indecisive movements
Read MoreThe XJO is expected to edge higher on open this morning following a mixed and uneventful night of trading in the U.S on Friday. Their futures are flat. We crawled back most of our intraday losses on Friday, to finish marginally in the red. We bounced off key support at roughly 7,750 as well as
Read MoreThe XJO is expected to edge lower on open this morning despite a continued rally in the U.S overnight. Their futures are flat. As to be expected, yesterday’s momentum will likely die down back into meek and indecisive movement. Despite the underlying uptrend still likely in play, our market looks set to continue trading sideward
Read MoreThe XJO is expected to rally on open this morning following a surge higher in the U.S overnight. Their futures are flat. The Fed maintained a dovish tone, fueling further gains overseas, and at this stage our market is happy to follow along. We should flirt with 7,750 on open this morning as we did
Read MoreThe XJO is expected to edge higher on open this morning following a rally in the U.S overnight which saw their market return back to all-time high resistance. Yesterday we managed to crawl higher, but we arguably held resistance at roughly 7,700. This morning we should clear it, albeit meekly. We continue to trade in
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