Wednesday, December 15, 2010

Fkli wrap...PM session selloff ..chart sell



All quiet till a selloff in PM in most asset class, including safe haven Gold after Moody says may dwgrade Spain debt rating. HS clsed -460, slightly off its low of -500. Fbm reverses some losses after the preclosing buybacks. Fkli suffers tech breakdw from 1510 to 00.

Technically., fkli looks like short term sell, as below 1510, targeting the 1490-1510 range. More selling seen if 1500 support breaks.

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