The XJO is expected to open flat this morning following another flat US session. Our futures are pointing to an open around 7,330. Expect to see selling in the major miners after a large drop in iron ore prices. Iron ore has been falling strongly for some time, and there looks to be room to
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The XJO is expected to open lower this morning following both a pull back in the U.S overnight and their negative futures this morning. The U.S market managed to retake some of their intraday lows to finish roughly where they opened, but with their market beginning to show cracks, we will retreat and revaluate today.
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The XJO is expected to edge lower on open following a flat session in the U.S overnight and their negative futures this morning. Markets continue to consolidate at the top of the trading range. We have likely broken the ascending triangle with sideward movement as we grind along key resistance/support near 7,350. The XVI and
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The XJO is expected to open flat this morning following both a similar move from the U.S last night and their flat futures this morning. As the U.S trades in the point of their ascending triangle, our market seems unwilling to break our own in any convincing manner. A couple of days ago we tried
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The XJO is expected to edge lower on open this morning despite a small rally in the U.S overnight. Our meek opening may be chalked up to our rally yesterday predicting last night’s gains (and thus preemptively pricing it in) and flat to negative U.S futures this morning. Furthermore, we are consolidating near the top
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The XJO is expected to edge higher on open this morning despite a small pullback in the U.S on Friday. Our positive open may be due to positive U.S futures coupled with the fact the U.S had a strong bounce from their intraday lows to finished only marginally lower. The U.S also held the uptrend
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