Friday, November 19, 2010

Fcpo wrap...-27 this week but posftive sentiment



Profit take in AM, strong bounce in PM as SO extends it gains from +1% to +2% during the lunch break. Fcpo extends it recovery tone from yesterday to finish the week on +ve sentiment despite pressure from a selloff in the commodity class this week on strong US$

Looking to retest 3400 again but unless SO catches up, a breakout is not sustainable over a longer period. Above 3350 is bullish next week. Strong sell signal is seen if 3250 support fails to hold.

No comments:

Post a Comment