Tuesday, February 23, 2010

Fcpo wrap...fail to clear 2650..small dent


-fcpo taking chance at 1-mth high in early PM session but retreats on profit take selling. Maybe the surge was too fast, RM30 move in the first 30 mins of PM trading, and soyoil failing to catch up.

-May10 mostly at 2630-2640 comfort range. Trading vol up slightly from the previous day.

-support is raised to 2600-2620 ranges. A break above 2650 iagain s considered strong buy signal.



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