Strong gains across most mkts in PM after Europe opened. Commodities experienced strong gains too. Gold above $1000, crude oil +1% as dollar value dropped.
Fbm/fkli shot above 1200 on buying, short covering , buying mostly concentrated between 3.30-4.00 pm. A follow through sentiment since late last week.
Technically, the next target is seen at 1240. In the long run we may even be looking at 1200-1300 trading band . Above 7SMA, no positions sell signals. Above 1200, don’t sell! unless intra day play.
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