SO gains preventing fresh downfall but upside faces strong tech resistance. Fcpo ends in -ve territory after a strong start. But, a retreating SO, off high, sparks selling in PM session.Technically, -ve if under 3550 or 3500. Therefore 3400 support remains bears immediate target. Bulls need to push it back to sideways band of 3500-3700 next week.
Or fresh breakdw, under 3400. would lower fcpo trading range to 3250-3450 in early March
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