Thursday, July 08, 2010

Fcpo wrap....2300 toppish...no fresh moves today


Fcpo failed to cross 2300 despite favorable external factors. Sell-on-rebound mode put heavy pressure. SO off highs in Asian PM hours. Coming off highs, fcpo seek asylum near this week neutral range, around 2290-2300.

Technically, lucky for bears, maintains –ve stance as still under 2300-10 resistance band, Therefore, 2250 remains the immediate focus.

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