Fbm snaps a 4-day losing streak despite regional weak tone again. Regional fails to sustain early gains after the released of China May’s exports data in late AM session.
Despite fbm strength, fkli cautious amid HS -130 DJ -30 and takes discount stance despite an early attempt at 60 in early trades.
While still sideways, bulls can take consolation that DJ could find some support at 12000 first following Thu’s rebound. If so again tonight, it would help fbm to launch higher after trying so hard to play defensive this week...go go EPF!
Above 50 is small-bull mkt Generally 45-55 breakout range.
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