Thursday, May 27, 2010

Fcpo wrap....opposite direction in PM...late selling again


Despite +ve environment, fcpo failed to sustain early gains but instead retreated in late hours again like in the past two days. Maybe stronger RM or weak export estimates due Mon or kwailow selling.

Mkt remains all the same, neutral range without a clear direction but dwward bias within a descending triangle. For the week, mkt is dw 34.


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