Monday, April 05, 2010

Fcpo wrap...last week's gain ..kapush!


Fcpo saw large selling interest in the afternoon…kwailow selling due to stronger ringgit? or afternoon talk of bearish MPOB stock data (12/4) due to large import from Indo and strong output ? SO steady at +0.6%. Negative tone after 2560 technical support failed.


Instead of reaching 2600, mkt hit south in early PM session , back to the mid range of it consolidation range. . and back to -ve bias zone in a single day move after a very slow climb lazst week.
Back to 2500-2550 play.

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