-attempt to stay within 2450-2470 failed as selling re-emerged in the PM session . Why? well its almost impossible to stay positive amid the sell off in the stocks mkt.-2400 support is again in danger after 3-day of bounce that failed to generate into positive mode amid soyoil softer tone and stocks factors. A breach of 2400 would bring fresh selling interest, targeting 2330++, the major target and support for recent selldw from 2700s.
-below immediate resistance of 2450-2460 is bearish. The question now is : an extension of a leg down or continue to consolidate. The former but has to be this week before 7SMA resistance getting to near.
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