Tuesday, May 25, 2010

Fcpo wrap....profit sell after 2500 heavy for 3 days



Fcpo finally caved in to external pressure in PM after holding steady near 2500 in AM session. Tech selling pressure after it dipped below 70, after a 20p-gap dw opening in PM session, and 50 levels in late trading.

It seems the mkt will moves within the triangle as 2500 looks unlikely this week. So the target is set at one notch lower, 2400-2450 band. If so , can 2400 stays, the 1 week low. ?

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