The XJO is expected to open higher this morning following a strong rebound from the U.S overnight. Their futures have edged into the red however, and this indecisiveness is likely to keep our market suppressed today. Yesterday we held the short-term uptrend line that has been in play since rallying from our lows. We also
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The XJO is expected to open lower this morning following a pullback in the U.S overnight. U.S futures have also edged into the red. Yesterday we clearly bounced off key resistance at 7,350, giving up about half of our intraday gains by close. If losses are sustained today and we close lower, it will be
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The XJO is expected to edge higher on open this morning despite another night of indecisive trading in the U.S which saw their market give up all their intraday gains to finish flat. Their futures are also flat. We should test key resistance at 7,350 today, but to push through we will need U.S futures
Read MoreThe XJO is expected to open flat this morning following both a similar close in the U.S last night and their futures this morning. Their market opened lower, but they managed to claw back the gains by close, indicating to our market that they are happy to continue tracking sideward for the time being –
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The XJO is expected to open flat this morning following a mixed night of trading in the U.S which saw their market finish flat after regaining most of their intraday losses. Their futures are also flat also. It seems markets are looking to take a break and enjoy their Easter too. The past few days
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The XJO is expected to open flat this morning following a small pullback from the U.S overnight. Yesterday, we had only a meek rise compared to the U.S on Friday, and U.S futures have edged into the green, likely giving our market reason to stay relatively flat despite last night’s selling. 7,200 is now the
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