Tuesday, February 22, 2011

Fcpo wrap...fail to capitalise on CO surge...critical for bulls


-crudeoil gains fail to inspire lasting momentum as players deem Libya unrest as one off event, like Egypt. SO off highs, from +2% to +1%.

-no major moves today, rebound mode on profit take continues after a RM300 losting streak but equity weakness caps gains near 3700. mkt remains in –ve territory, under 7SMA .

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