Fcpo very resilient today, early selling pressure saw tug-of-war at 2500 support lvl and sideways in AM session after a gap dw. Bulls took charge in PM session after most mkts off their lows, taking on immediate resistance lvl. Big trading range today.
While short of a fresh bears threat, mkt remains in negative bias zone – under SMAs and consider range play, trying to catch and waiting for the next big thing.
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