Fkli mostly sideways within 1050-1060 till 3.30pm before a breakout following a strong European initial trading hours. Prices +1% as UK house prices up in May, extending hopes for further economy recovery. Regional mkts settle lower but recoup almost 50% of early losses.
Klci, which was firm from the onset closed at the high of 1063.97/+8. Fkli managed to hold above 1050 thanks to klci firmness before staging a resistance breakout.
Technically, mkt moves from one end to another end within a consolidation band of 1050-1070. A good finishing above 1070 tomorrow would create a strong springboard towards 1100 next week.
Above 1060 a buy mkt, waiting for a breakout towards 1100 next week.
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