Steady in AM but bearish in PM. Trading activity improved slightly from the recent “low” lvls after third attempt at 2600 failed. Bears getting ready for the next assault ?
Commodity was generally lower in late Asian hours on dollar strength, +1% against yen and euro. To the ringgit, flat near 3.30. SO -0.6%
Technically, negative and potentially bearish if 2550 breaks, reviving earlier call for a test at 100SMA or 2500. Immediate resistance is lowered to 2570 from 2600. A sell market if under 7SMA.
Commodity was generally lower in late Asian hours on dollar strength, +1% against yen and euro. To the ringgit, flat near 3.30. SO -0.6%
Technically, negative and potentially bearish if 2550 breaks, reviving earlier call for a test at 100SMA or 2500. Immediate resistance is lowered to 2570 from 2600. A sell market if under 7SMA.
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