Friday, November 12, 2010

FCpo wrap...+162 this week....uptrend remains...


Commodity selloff amid dollar rebound but fcpo manages to find support towards the end of day, reducing its underperform lvl from -3% to -2%

Fcpo worse start than fkli but better finish than fkli. Fpco uptrend still alive as > 3300. But, fresh bull interest is only seen if fcpo regains 3400 mark. Immediate support is 3300, followed by critical support of 3270.

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