prices retreated sharply from its AM high on selling after Europe opening at 4pm. Selling pressure kept price at 20-25 range mostly and hit intra-day low on kneejerk reaction. Earlier mkt hit new high in AM session but somehow lost momentum amid regional weakness amid China's strong inflation-data
despite a big fall today, it did not really alter the chart outlook, just a dent, as mkt remains above the nearest trend-suport line of 7SMA. But, a trading sell mkt if below 1330 betting on further pullback towards 1305-1310.
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