Strong reversal in PM on fbm sudden rise after 3.45pm on CIMB GENTING lead, while external remains pretty much the same –ve tone but off lows. Europe/Dj futs also minus but near flat line.Fbm adds around 4p in the preclosing phase to finish at high and above 1500.
Despite so much “negativity” AM and early PM session, a strong rebound put bulls back into control and perform another run next week. So, if market can break 1510, a new trading range will likely to emerge, 1500-1550 generally.
Above 1500 is bullish.
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