Friday, July 15, 2011

Fkli wrap.... holding but fbm weakness drag...




Fbm.fkli start on weak and cautious tone amid DJ overnight losses and S&P warning of US debt dwgrade. But like regional, off lows in PM as EU/DJfuts near flat in late Asian hours. Tight range, bears in control.

A closing under 1580 is bad news for bulls nezt week , meaning defensive play plus fear of a fresh leg dw towards 1560+ if 70 support is breached. Short term dwtrend till it regains 7SMA resistance.

No comments:

Post a Comment