Firmer regional on stronger commodity price set mkt tone higher but quiet trading. Stronger European mkts, +1% and DJ futs +30 in late Asian hours push Fkli back above 1330 to finish at day’s highs.
Roll vol dominated ttl mkt vol, around 80%. Longs roll, sell june + buy july, more dominate today.
Technically, mkt escape dwtrend outlook and maintains sideways first. Bulls are likely to re-enter mkt on further strength tomorrow as mkt nears recent highs…setting a platform to revisit 1350+ again after a failed attempt last week.
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