Not only 50-52 but 60 lvls. Heaven for bull thanks to GENTING start jumping Fbm, creating feel good factor in AM session. Prices extend gains in PM session on favaroble Europe/DJ futs. Regonal mixed. Almost no weakness today, all the way up despite a dismal performance in early part of the week tha saw bears in much control.
This week, mkt got off to a bear start but the finale belongs to bulls following today’s solid performance. From short term tech support, fbm.fkli reversed back up and recaptured all short term SMAs again.
Above 1360, signaling a deviation form the ascending triangle, would end recent trading sell tone and potentially resuming Jul’s uptrend leg.
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