Mkts was mostly resilient on a day that upside potential seemed next to zero. After early selling on DJ effect, fbm crawled back above 70. But, fkli attempts to close the gap was disrupted by weaker Europe and DJ futs after 4.00 pm.Regional steady on recovery mode for a lack of SH’s shock thanks to strong manufacturing data.
Very quiet n tight range mkt. Fkli turns downside-bias again, below 30-SM but still looks like a sideways mkt. Bulls can still count on the discount to Fbm for a pullback. But, just to sure, the last defense is 1150.
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