Thursday, January 06, 2011

Fcpo wrap...bulls escape breakdown but late selling...

-arbitraging selling or 3900-toppish related profit take selling…

-a quiet and range bound before late sell off activities from 3880 to 3840 after 5.30 pm

-SO strong gains did not inspire bulls to crack 3900 , maybe players still suffer from hangover after Wed’s big losses

-technically, an improvement for bulls, near 3860, but still in a battle zone , 3830-3900. Above 3900 is knee jerk on intra day tech buying but sustainable issue this week as arbirtraging chance for kwailow.

1 comment:

  1. nice blog........do join small cpo commodity traders chatroom at http://futuresforbetterfuture.blogspot.com/ if u got time .....

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