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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEST)
The XJO closed higher on Thursday
Spread continues to narrow, which sometimes can suggest a trend maybe becoming tired.
However the volume was quite low, and below average again, so there wasn't much force or effort behind this up bar, and so the low volume may offer some reasonable explanation for the narrow spread.
It appears price is content to grind along at the minute, and even though volumes continue to be below average, a lack of supply is allowing the Index to keep pushing higher. So far there is little sign of any serious selling pressure in the market, and until supply begins to show up, price can continue to grind along and absorb its way higher almost indefinitely.
Good Trading and Investing
.
Gummi Worm Friday
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Last
6,792.6 |
Change
30.300(0.45%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 6,762.3 | 6,792.6 | 6,762.3 |
| XJO (ASX) Chart |