Profit take pressure, underperform SO for the first time this week. Fcpo valuation looks very expensive unless SO catches up. Despite so, kneejerk buying can be expected if fcpo > 3530-40 range but further pullback is more likely, targeting 3400-50 range if 3480 support fails to hold.Next week does look like a good strategy to go for breakout long but really, have to watch out its relationship with SO. or a new school of thought in the making...Fcpo premium to SO ? the last time fcpo hit par is when CO and biodiesel story at its peak. this round...? no idea why. Plus fcpo far mth looks cheap.
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