Monday, June 28, 2010

Fcpo wrap...firmer on tech support...2400 tug of war ..



Fcpo secured earlier gains on tech support. Strong SO pushed fcpo towards 2400 in early trading, prompting some tech follow through. But mkt off highs on late kwailow selling after outperforming SO today.

Trading remains quiet, thin vol, and tight range, mostly 2390-2400. Market is still sideways but upward-bias if above 2390.

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