A poor fbm closing triggers fkli late selling despite manages to recover near 1400 just before 4.50 pm in a mostly –ve tone day that see fkli hitting the low of 1390 in early PM trading. It recovers on Europe signals but selling reemerges after fbm’s 4p dip in preclosing stage.
Europe/Dj futs steady after recent losing streak and occasionally testing +ve territory. Regional mixed but dwward –bias, strange personality this week – some very bad, some very resilient
To renew it recent uptrend, mkts need to take out 1405. but recent internal momentum is seen over and need to start afresh- depends very much on DJ rebound, if any.
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