Tuesday, January 18, 2011

Fcpo wrap....3600 acid test survive.....thank god!

-defensive AM, bulls going all out to defend 3600 and quite successful too, prompting a rebound in late PM.

- For the first time in 8-day, a wide white body candle and it happens after 3600+ is tested. This means mkt is ripe for a re-test of resistance lvl and a break dw under 3600 looks unlikely this week unless SO tumbles.

-bulls target is to cross 3680 line.

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