Fbm end its 6-day losing streak, recovering almost 25%. Fkli engulfing bull candle, almost 30p from it’s day low. A bullish day just a day after fkli created a bearish outlook. Back to drawing board.
Regional was holding well in AM session but not much upside. Buying surged 30-mins after Europe opening as players betting for a rebound with Europe/DJ futs +2%/+1% in late Asian hours.
AM firm, PM ballistic tone. Short covering in PM pushed mkt all the way towards 1310+ after triggering stops above 1300. To be sure, mkt still remain in a dwtrend trajectory but strong chance of consolidate within a non-bearish range of 1300-1320 while deciding the next move. Above 1300, betting for bounce.
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