Tuesday, June 01, 2010

Fcpo wrap...erase Mon's ..well supported at 30


Despite weaker external, like CO -3% sharply lower in PM , SO -0.5%, fcpo remains close to 2450++ after 2530 holding strong on two attempts. RM positive factor for fcpo today. US$ strong in late Asian hours on Euro concerns amid slumping share mkt in first day of June trading. Vol is as thin as Mon.

Technically, not much move and a waiting game. Even tighter range this week, 2530-2560 with dwward-bias tone at mom and no trend yet.

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