Fcpo retreats further in PM session probably due to kwailow selling amid a stronger RM. Earlier, also in –ve tone on SO -0.8% losses from the weekend. Very thinly traded mkt today.While not much technically, still in and out of the mid range of 2400-2500 band, it looks like 2400 support is back in danger as likely to be tested again after almost two weeks break.
Below 2450 is –ve bias tone but can it forms a fresh short term dwtrend, 2300-2400 in the coming weeks, remains to be seen.
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