Fcpo tumbles on profit take in PM session following a failure to defend 2500 despite posting gains in early trades. It remains above it previous breakout lvl but bulls have to defend 7SMA support now. Bargain buying interest is seen at 2450-70 range.
After today moves, Fcpo is unlikely to make a strong run up this week but seen consolidating within 2470-2530. For bulls, focus is to stabilize the mkt or recapturing 2500-2525 first.
Trading sell if < 2500.
No comments:
Post a Comment