Cautious tone and sell on strength continue to dominate..probably so. for the rest of July. Regional remains mixed this week yet…in and out of flat line today.Fbm.fkli activities lmited to AM session in mostly softer tone after 1 hour of trading that saw both fbm.fkli hit fresh year high again. Weak tone continued till late PM session. Price rebounded thanks to Europe/DJ futs +v cue.
Europe +0.5% on banks. DJ futs, +30, at high end in late Asian hours.
Chart still look toppish but above short term support, 7SMA.- maintaining 50-70 range.
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