Steady on technical support amid mixed external factors, weak Asian, firm Europe. Quiet and not much move, crawling higher, aiming to finish above 70 this week.Mkt is in “breaking resistance” mode. Above 70 is potentially bullish as it could ignite a re-run towards 1300 by year-end. Bear last defence is seen at 76 and really watch out if 7SMA crosses above….till then still range bound but upward bias.
Support is raised to 60 from 50.
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