After 24-day, the FCPO say goodbye to range bound play and initiated a fresh dw trend targeting 2400. Commodity suffered big losses today, led by CO -4% followed by SO -2%.
Goldman Sach's fraud charge, one of the largest commodity brokers and China's cooling measures hit commodity mkts.
Technically, under 2500 is bearish, with immediate dwside targeeting 2400. Trading range is lowered from 2500-2600 to 2400-2500.
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