Wednesday, January 06, 2010

FCPO : no move..struggle to maintain upside



-a quiet day and not yet give up an immediate run towards 2800 on recent strong run but very tight range
- today it was another tough day, like mon n tues, amid as weak external compounds " RM202 gains in 8 days winning streak" fear tactor. Kudos to bulls effort ...but seriusly mkt is lack of sellers amid the bullish tone..seems this way as long as mkt above 2650++
-tomorrow only long if 2726 resistance breaks otherwise wait near 2650++. It looks like a 2650-2700 range unless soyoil catches up...fcpo is ahead by 1% so far.



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