Fcpo wrap....at high on last 10 mins short covering...

Strong SO prices help to end a 5-day losing streak. Fcpo Aug10 mostly moves in and out of 2400 lvl before a late push to finish at its high. Tight range, thin vol.

Above 2400 is consolidation tone but dwtrend if stays under 7SMA. Selling is expected if 2386-2392 support is violated again .