Steady in AM but another dive in PM after SO prices drop 1% during lunch break. Fcpo stuck at the lower band of Thu’s range, -ve amid a tech breakdw below 3300 yesterday.
Not good for bulls as mkt is seen heading toward year-low mark 3148 to confirm a strong support first before a technical bounce after this week bearish actions.
Below 7SMA is bearish. A breach of 3150 could ignite long term major bearish trend targeting 2800 in the 3Q ???…targeting 2800-2880 gap up in Oct10.
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