Fbm was not affected by weaker externals tone, both regional and early Europe trades.Both -1% btu DJ futs +30. Fbm got a strong head start on plantation stocks while GENTING provided some cushioned in PM.
However, fkli not too convinced. Tight range and finished at lows. Thin vol as price moved in familiar ranges. Technically, fkli looks toppish at 50 but fbm looks good. Still, for the next move, mkts need to break 50 –away from the confined-red-zone.
Above 40, upward-bias.
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