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Friday, June 04, 2010
Fcpo wrap...same ranges for 3-day in a row...whatsup!
After a boring AM session, fcpo heads for recent resistance lvl on the back of SO +0.5% in late Asian hours. Trading activity remains thin and very slow. For the week , fcpo +17.
Mkt still look sideways but with an upward bias tone if > 2450 or above SMAs. However , it needs to break 2500 to entice bulls money into the mkt.
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