Friday, December 17, 2010

Fcpo wrap....major sellstops trigger....


A gradual drop, amid weaker SO price, till sellstops trigger under 3520. Freefall towards 3471, recover back to 3520 all in less than 30 seconds. But great damage done.

Technically, from bad to worse for bulls, aiming for 50% pullback around 3420 following a breakdown under 3550. Only a crossing back above 3550 would give bulls some good news.

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