The XJO is expected to open around 15 points lower this morning, at roughly 7,780 index points. This comes after US markets saw slight selling on Friday, though movements were small. The Australian market continues to be pulled higher by strong US markets, with the fresh all-time highs in the US helping to spur buying
Read More
The XJO is expected to open modestly higher this morning, with futures pointing to an open around the potential resistance at 7,775. That 7,775 level has been a sticking point for the past week, so if we push through that level is could indicate further upwards movement. There might be an additional level of resistance
Read More
The XJO is expected to open moderately lower this morning, with futures pointing to an open around 7,750. Yesterday our market again held resistance around 7,775 – 7,800, which would have to break for further gains to look likely. To the downside, 7,700 is the key support to watch. Our market seems to be in
Read More
The XJO is expected to open flat this morning following a slightly higher finish for the U.S overnight. Their futures are also flat. Yesterday we opened testing key resistance at 7,750 but managed to break through and hold our highs into the close. 7,775 – 7,800 seems to be another level of resistance which we
Read More
The XJO is expected to open higher this morning following renewed buying in the U.S overnight which saw their market once again make fresh all-time highs. We should translate their move to an open near 7,750 – a resistance level we will contend with during our session today. U.S futures are in the green, and
Read More
The XJO is expected to edge lower on open this morning following another indecisive night of trading in the US which saw their market finish slightly in the red. Over the past month or so, our market has also been making slightly lower peaks, and slightly higher troughs as we slowly form a broad pennant.
Read More