Tuesday, May 31, 2011

Fkli wrap...comfirming fresh upper range 1540-1580


Super bullish, especially in PM as fbm.fkli break above Apr’s high and settle the day at near 5-mth high.

Regional surges in PM after 3pm on Europe cue, extending AM’s strong gains on strong CO tone, +1%. HS +500. DJ futs +100.

Europe firmly +ve on news that Greek’ debt pblm may see breakthrough after Germany says it would abandon a push to reschedule Greek debt early.


Technically bullish, on-course towards year-high but seems overdone today. New spike is likely to tomorrow if fbm >60. Otherwise, some consolidation tone towards 7SMA support first.

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