XJO - surprising end to the day.
30 min chart - we see price action magnetise towards the purple line 200 period moving average. it closed slightly below. Yellow moving average (48 period moving average) proving a rainbow cloud cover with a chance of hail.
15 minute chart below - we see a challenge above the purple MA. crossed it, retested it and failed miserable like a flat glass of Cola. moving averages as you can see all bearish. yellow MA crossed the purple on late yesterday and short term moving averages all charging down.
Bulls should be unimpressed with the action today. the regional markets were all charging away.
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