Monday, March 28, 2011

Fcpo wrap....up but no major recovery yet

-Tight range. Again, strong SO prices fails to give fcpo a lift. Instead of seriously attacking 3300, fcpo stuck under 3300 and dangerously near 3250 support. -5-day losing comes to an end today but tech weakness continues as no major sign of rebound mode till a finish above 3300. Till then, breakdw risk , 3150-3250 looms.

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