Monday, March 14, 2011

Fcpo wrap...bears may take a break first....

-bearish momentum continues and seen targeting Nov10 low near 3110 in the near term. But maybe a bounce first following today's tug of war at 3300 that favors the bulls in the end

-Below 3360 is a very bearish mkt on kneejerk selling activities. Buy on strength, short term trading buy above 3360, targeting 7SMA.

-a closing under 3300 could spark another new lower trading range of 3100-3300 for the rest of the mth. But chance of a trading buy if external improves tonight.

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