Tuesday, December 14, 2010

Fcpo wrap....profit take at major resistance lvl...



Major selling force begins in PM after fcpo dips into –ve territory. Players decide to lock in profit too after fcpo reaches major resistance lvl, near 3750+. Still, its too early to call for a pullback mode as fcpo remains above 7SMA but internal momentum seen at the tail end.

Below 3720 is dwward-bias for the week.

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