Fbm slow climb to 1-week high, a bit of struggle to upside. So far this week, externals remained upward-bias but fbm/fkli actions have been mixed and sluggish. Strong Europe gains, +1.5% help to generate buying in late PM session. DJ +20Lack of fresh buying yet but players take profit take stance as mkt approaches ytd highs. Maybe not breakout this week but building the base for next week ..1350-1400?
Technically upward-bias and must distant itself from 1340 and “park” near 1350 to avoid toppish outlook for the week.
Above 1337 upward risk and potentially fresh bullish tone.
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