Friday, June 25, 2010

Fcpo wrap....-16 for the week...only RM9 range today



What is going on???...so bloody quiet, tight range, resilience for the past 3 days despite weaker SO tone. SO -2% while FCPO -1% this week. Fcpo seems to pause right under 2400 nose after a breach on Tues.

Market is technically dwward-bias, below 2400, but needs to take out 2370 support to generate fresh leg dw towards 2300. At mom, it looks stuck within the red band.

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