Fkli mostly –ve tone especially in PM session as regional extends losses to -1% and after Europe opens -1% and seen heading -2%. DJ losses expand to -130, under 10k again. However, fkli survives a scare at 1270 support thanks to fbm resilient, followed by the usual preclosing push. This time +5p, back above 1280.
The first indication that the recent upward correction is reaching it peak after a 50% strong bounce. A confirmation will come if 70 support fails to hold but fbm.fkli. Otherwise, bulls will not give up just yet but they need to push it back above 80. If 70 breaks, short term target is the recent low 1240
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