Friday, January 14, 2011

Fcpo wrap... miss 3700 amid last 5 mins selling

- looks like bull victory for most of the day, with mostly near 3710, before bears fire torpedo in the last 15 mins, drowning fcpo under 3700, probably taking cue from CO sharp drop in late Asian hours. PM low 3680.

-further sideways, with no direction till a breakout from its descending triangle, moving averages also very flattish

-3650-3730 breakout strategy , targeting 3500 and 3800 respectively

No comments:

Post a Comment