Tuesday, November 23, 2010

Fcpo wrap....fresh breakdw risk emerges...


Like equity, selloff in PM session , negating bulls hardwork in AM . Despite initial selling pressure, they manage to push it back into +ve territory b4 lunch break. But, all plan goes haywire with the Korea news.

Technically, short term downtrend, with 2900 insight in 3100 does not hold. To reverse its short term trend, fcpo must crosses back above 3270 this week.


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