XJO 30 Min. Chart Outlook Intra Day 31/01/2017

A confirmed 30 Minute Bullish Pivot Point right on the prior price support may be read as a successful retest of the zone of 5600.This may set a potential DOUBLE BOTTOM on the daily time frame ( not shown).  5630, where the price is now is short term resistance which may also be worth noting. If successful on this front, zone of 5700 may well be within a striking distance over the days ahead. Failure at 5600 may suggest a potential test of 5500. Analysis continues….

Chart is courtesy of CommSec



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