Steady all day, supported above 1330, followed by new high on buying after 4.50 , encouraged by DJ futs gains and fbm finishing >1330.
Despite DJ Fri’s big losses, regional was generally calm, mixed. News of Moody dwgrading Ireland debt did not deter DJ futs, +40 and Europe off lows too, mildly +ve, 5pm onwards after players digested the news or have they ?
Erasing early losses and taking premium stance, fkli moves back to the upper band of 30-40 neutral band., preventing a –ve outlook, above 30 or 7SMA, but still toppish and a sideways tone if 30-47.5.
A good signal for fkli bulls if fbm trades above 1337, otherwise, premium is not sustainable.
No comments:
Post a Comment