Monday, July 19, 2010

Fcpo wrap..running 8 day..bulls eager to test 2500



Spending 99% of the day in –ve territory, fcpo finished +ve near day’s high on buystop right b4 preclosing stage. To be sure, fcpo was well supported in early trading with selling mostly limited to long liquidation as mkt remains in tech +ve if not bullish zone.
2450-2500 this week ? Above 2440, bullish tone. Under is pullback mode, targeting 7SMA, around 2410+.

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