Getting ready for another attempt at 3000 already ?
A tug of war near 3030-50 lvl, tight range, cautious tone after prices shifts back to –ve bias zone, under 50 . From testing 3100 resistance in the previous 2 days to a bit of defensive work today.
Not yet bearish but given externals scenario, it looks like a tough fight for the bulls. Commodity is likely to be pressured by EU debt jitters this week. Weak Euro, strong $, weak commodity
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