Fbm produced another lackluster day, barely ending a 4-day losing streak despite strong regional tone. While no fresh negative signal, the mkt failed to take to the upside above 1210. Like yesterday, dragging Fkli along.Fkli trading very quiet… almost 70% mkt volumes from rolls activities. Rolls remain bullish ahead of Oct.
Fkli stuck within Mon’s range, boring, and remains a sell market at end of the day. Immediate buy signal is lowered to 15 from 20, if fbm trades above 1210. Bargains buy near 1200, if any.
No comments:
Post a Comment