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Good Morning and Welcome to the XJO Friday Thread
The XJO responded positively to the support seen over the previous few days to close higher on Thursday.
Importantly price rose with a decent spread on reduced volume, which adds to the possibility this may be a multi bar shakeout.
On the other hand, price stalled out at the lines marking the February lows, and this is a logical place for price to fail - if it proves unable to recover above this level. Looks like an important little period coming up here......
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Good Trading and Investing
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