Wednesday, January 19, 2011

Fcpo wrap....bulls is back into the picture...

-fcpo is out of bears grip, following a breakout above 3700 and the dwtrend line. But not bullish yet, just shifting to more neutral range. Immediate action to test resistance, above all short term SMAs.

-A crossing above 3750 would definitely give bulls the confidence back. Bulls in the driver seat if >3670 in the coming days.

2 comments:

  1. Hi. I know that you're on Long now. Can I know what does the C at your SL stand for and the 1 at the target?

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  2. HI,
    The above is just a guidelines as my trades also involve some discretion call, like mkt sentiment. Maybe not be a good idea but cant be helped as I am broker too.

    C= if closing, SL=stoplimit

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