XJO – Resistance Levels

The XJO chart displays the recent pattern of negative price reversals.

The latest reversal in today’s trading session, created a “lower high” at 5982.

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Technical traders will be leaning on the short-side of the market,  until the index trades back through the 5982 resistance.


XJO Index

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks