Monday, June 21, 2010

Fcpo wrap... Fri's range...all quiet



Fcpo was surprising ranging and quiet despite commodity taking centre stage today. Probably only US$-products were affected - meaning on currency play rather than real demand.

Fcpo stuck within Fri’s range, mostly in-out 2410 therefore tech neutral. SO gains provided support but flying RM limited buying interest and causing some selling pressure in the afternoon…mostly kwailow…I suspect.
Above 2400, is upward bias but seen in a consolidation range of 2400-2440.



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