Despite the fact that many traders are standing aside in these tough markets mostly due to heightened uncertainty and never knowing where and when the next headline will send the price, yesterday's trade reminded of thin summer trading conditions. With July knocking on the door, "summer doldrums" factor might definitely be a part of it.

Greek saga continues on Saturday and if we'll get any deal on the weekend (unlikely), there could be a huge gap open on Monday. But most likely we will have to wait until Tuesday evening and even then it's quite possible that there will be no definite answer.

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