Despite initial gains, mkt lost steam after klci looked fragile at 1080 above.Profit take later kicked in on the final day of 1H09. Regional also their gains eroded but firm.
New spot July09 finished on a bearish tone on downside impact was greater due to it thin size. It finished almost 10point than the expired Jun. This will put some confusing moment on the continuous chart tomorrow.
Below 1070, do assume negative tone. Only go long if Jul trades above 1070. Above the uptrend line( red line), mkt trend is up.
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