Wednesday, April 07, 2010

Fcpo wrap...cautious ahead of MPOB Monday..




Despite a strong soyoil, +1.5%, fcpo saw resistance at 40s. Early selling this week may have pushed buyers to the sidelines first ahead of MPOB data due Monday. A very quiet day.

Sideways mkt continues…above 2530 is upward-bias, Below 2520, danger of a breakdown below 2500.






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