Wednesday, June 16, 2010

Fcpo wrap...still top heavy...and range play


Sentiment was generally negative after a gap up opening and more of a defensive play before a last 15 mins push back to intra-day highs, matching SO gains.

New benchmark Sep10 is fighting for 2400 lvl. Until then mkt is deemed dwtrend but could enter into consolidation phase, the red band, next week if 2370 support stay this week.

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