Well we've had the news and its a step in the direction but its done little to regain certainty over the future of the EURO. Sentiment remains weak in this market. Its for this reason that we may see short term higher prices as the market is too bearish. We are unlikely to see a major sell off in the near terms as everyone has already sold. Instead I expect the market to trade in a range between 5100-5750 for the next 3-4 months. We need to see more direction over Europe's future before any meaningful new trend comes into play.
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