Wednesday, March 09, 2011

Fcpo wrap....bulls defending in bears territory

-recovery tone in early trades as commodity mostly stagnant today with equity higher. But succumbs to weak tech outlook, capping gains under 3600. SO mostly flat,

-does looks like 3500-3650 trading for the rest of the week. Below 3600 is bearish. 3700 is history this week.

-below 3580 tomorrow would likely create strong sell signal.

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