Thursday, March 10, 2011

Fcpo wrap....firmly bears...3350-3500 already this week?

-all day bearish especially after dipping under 3500. Bears take total control, eyeing recent low, 3350-3400…..tomorrow or next week ? Next week…maybe

-commodity slumps in Asian after China reports trade deficit in Feb. China demand talk resurface again.

-bearish if < 3440 tomorrow., targeting 3400. Above 3440 is weekend profit take buy while bears seen defending 3500 this week if mkt does rebound.

No comments:

Post a Comment