Wednesday, May 19, 2010

Fcpo wrap..still resilient at 2400..ranging and quiet



Fcpo floating above the same support, no real attempt at 2400 yet after Mon’s gap down.

While CO at year lows, SO fell only 1% giving fcpo bulls some incentive to keep the mkt above 2400 so far but within a –ve bias range of 2400-2450.

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