Friday, March 18, 2011

Fcpo wrap...looking at long term resistance 3500


-plenty of late buying as commodities showing signs of rebound going forward, taking CO cue.

-taking external leads, bulls takes courage to push fcpo above 3400 as tech outlook not only improves but also turning +ve on weekly basis, targeting short term dwtrend line next week.

-Fcpo crosses back above 7SMA, above 3350 is buliish tone in the short term but long term dwtrend remains.

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