Tuesday, December 28, 2010

Fcpo wrap....missing 3800 but not yet give up...




A quiet day for fcpo but continues to outperform SO, by 2% this week so far. Bullish tech momentum remains with fcpo above 3750 but lack the fresh drive to push it above 3800, maybe waiting for SO to catch up first after a hefty gains on Mon.

Technically, fresh breakout above recent high, favor for bulls but cautious amid today’s candle. A confirmation if fcpo manages a closing above 3800.

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