Monday, May 24, 2010

Fcpo wrap...quiet and resilient...



Despite weaker SO and CO, fcpo remains resilient on follow through activities. Instead of testing support, mkt made two attempts at 2500 but heavy. Very quiet and thin vol.

Unless the mkt breaks above 2500 soon, a pullback towards 2450 is expected as mkt continues its sideways tone.

CME CPO zero trade as at 6pm local time. INDO CPO only aobut 70+ lots traded.

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