Fcpo produced “stronger” performance in RM terms vs. soyoil. Tech follow through gave mkt support today while weaker RM prevented aggressive arbi selling in early trades. ..or concerns over SO divergence from CO. Most selling focus in PM, capping the mkt near 50s. Thin day.
Bad news is mkt remains stagnant with no clear direction –upward-bias though but would prefer to see the mkt make a distant from SMAs support. Otherwise, very tense.
Bad news is mkt remains stagnant with no clear direction –upward-bias though but would prefer to see the mkt make a distant from SMAs support. Otherwise, very tense.
Above 2520, upward-bias
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