Monday, April 25, 2011

Fcpo wrap...missing 3400...quiet, cautious on RM

Lack of upside despite strong commodity tone. Probably concern over a stronger RM effect put players at the sidelines. RM under RM3 vs USS$. Fcpo suffers losses but in +ve zone, above short term SMAs. “Test 3400” scenario remains as fcpo stays above 3350. 3300-3400 is neutral to bias tone but no major trend.





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