Wednesday, December 29, 2010

Fcpo wrap...pullback mode till regain 3750 again...


Resilient AM but late selling pull fcpo lower, matching SO losses. Failure to regain 3750 in PM triggers profit take sell as players probably gives up for the day, after Mon’s sharp gains. Generally, a quiet day, position adjustment.

Pullback mode towards 3700 bargain lvl if under 3750. A crossing back above 3750 is likely to set the stage for the next big run towards 4000 in Jan.

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