Wednesday, June 15, 2011

Fkli wrap....recovery tone continues...40-60 sideways



Fbm derives strength from TENAGA PCHEM, contradicting regional softer tone on banks weakness. EU -0.5% on possible Moody downgrading of French banks. DJ futs -50.

Fbm.fkli also take advantage of tech +ve condition in PM after a closing above 50 in AM. Back to last week closing lvl.

Technically, still no major trend, sideways range. Alternating between +ve and bias only.

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