The mkt was trading at a lower-tha- expected band of 1060 rather than 1070. This put Jun in danger of a re-visit to short term support of 1050 if mkt opens soft tomorrow. The mkt must move back up 1070 to create fresh upside momentum.
Unless external factors are extremly negative, Jun contract is expected to hold above 7SMA, near 1050++. Meaning the recent uptrend tone will remain.
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