Tuesday, April 05, 2011

Fcpo wrap...moving away from dwtrend outlook

Bulls avoid dwtrend signal but remains toppish this week yet. Prices recover in late PM session after profit take sell pressure when mkt fails to cross above 3400 mark in opening trades. Technically, fcpo escapes being stuck in recent dwtrend scenario. Sideways going forward and upward bias if above 3330. A closing above 3400 would create fresh upside momentum in the short term.

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