Wednesday, February 02, 2011

Fcpo wrap.....looking good to 3900-4000 range

-2 consecutive big gains , tech momentum bullish, staring at 4000. Above 3850 is bullish tone and probably 3800-4000 range after CNY, one notch higher from a 2-week consolidation range.

-breakout next week is above 3900. Below 3850 means a pullback towards 7SMA first

-technical buy will entice physical sell if forward mths and SO do not match the active mth moves.

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