Friday, January 29, 2010

Fcpo wrap: still range play...-8% in Jan


-within Thu's range, firm despite soyoil losses thanks to a bounce in the equity mkt.
-still a two-way, equal fight between two camps. already into 6 days but no clear winner yet. But the fact that 2400 remains as support this week is a good news for bulls...as it could point to a consolidation mode if mkt recovers 2450 next week.
-sell on weakness below 2400 is recommeded.


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