After initial losses on the open (despite a positive lead from Europe), the market rallied well throughout the morning and after a lunch time pause, extended the gains on positive news out of Greece in relation to another bail out being agreed to. Gains were held onto at the close, the XJO putting on 0.8% as it moves toward overhead resistance. It would looking to break through and emulate the Small Ordinaries which broke a key resistance level today with a 1.1% gain. Resource, except for Gold, Industrials and Consumer Discretionary sectors were all strong.

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