Friday, April 01, 2011

Fcpo wrap...ends of rebound ? ..resistance holds

-test short term resistance and not very successful. A weak opening Monday could set mkt back to the recent lower ranges. 3300-3400 neutral sideways. A breakout would decide the next course. Below 3300 is strong sell signal next week, anticipating a resumption of recent dwtrend, towards 3000. To the upside, no strong buy signal till mkt regains 3380, targeting 3500.

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