Fcpo very strong from onset, maybe due to export estimates or CNY play, then SO catches up, making Fcpo even stronger in PM. Technically, strong buying interest after fcpo crosses above 3700 and back to a “2-twin-peak” formation ( 1 twin each in June 2008 and Dec 2010) . A finish above 3800 would confirm a breakout, targeting 4000……. in Jan 2011.
Above 3700 bullish, 3700-3800 this week.
No comments:
Post a Comment