Tuesday, June 08, 2010

Fcpo wrap...follow through selling on SO weakness


Matching SO losses, fcpo trends lower today, compounded by technical weakness. After a quiet PM session, sellers reemerged after 5.30 pm to pull price to its intra day lows.

Mkt is moving very slowly from one end to another end and yet to form a trend. Resistance is lower to 2440 from 2450. Dwward-bias if below 2440, targeting the major support of 2400.

No comments:

Post a Comment