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5 months ago

Commodities on the move:

The XMJ chart shown is the Index made up of the resource sector stocks BHP, RIO FMG,etc.
Clearly the weighting is coming from BHP , RIO.
More importantly the Index is trending up, with large volume showing on the current breakout.
The inverse head and shoulder pattern has the mandatory retest in place, in the form of a bullish flag.
XMJ Weekly