Monday, March 22, 2010

Fcpo wrap....bears defending 2600...


Like fkli, fcpo saw late selling after a brief attempt at major resistance lvl, 2600. Probably due to crude oil dipping under 80 mark in late Asian hours. SO +0.1%

Fcpo trading was generally range bound, consolidating in a neutral range after recent drop. But it needs to break above 2600 to escape bears’ grip.

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