Fcpo bulls follow through but defensive for most of the day. Barely, defended 2400. Spillover effect from fbm.fkli and SO +0.35 provided some upside but mkt faced resistance above 2400, probably on weekend profit take sell activities.
A breakdw below 2400 in the previous week fails to generate into short term dw trend, 2300-2400. Instead, mkt consolidated this week in tight range play, with mostly 2370-2410. At this juncture, it looks like another sideways mkt, within the red range.
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