Another sell story below 2400 on SO -0.8% and weaker overall environment today as most mkts retreat from Mon’s run. Mostly under 2400 but quiet till some late selling after 4.50pm, pushing mkt below 2390.
However mkt is considered ranging as still within recent familiar ranges – no breakdw yet but dwward-bias range of 2370-2400.
Critical support is seen at 2370+. If breaches, fcpo is likely to slip into a new lower range of 2350-2370 this week if not 2300-2350
Critical support is seen at 2370+. If breaches, fcpo is likely to slip into a new lower range of 2350-2370 this week if not 2300-2350
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