Thursday, August 12, 2010

Fcpo wrap...meaningless day..technically


Fcpo swings within its immediate support/resistance lvl..without making any bold statement on future direction. Sad for a lack of follow through above 2700, amid softer SO prices.

2650-2700 is tug-of-war zone. Upward-bias if above 7SMA but to create fresh uptrend it needs to clear 2700-10 resistance band.

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