Thursday, May 19, 2011

Fcpo wrap...back to early high on late buiyng interest






Fcpo extends its tech breakout outlook by clearing 3300 psychological resistance. Fcpo could test 3400 tomorrow on the back of stronger SO and if mkt sustains above 3350 lvl. But a sustainable breakout above 3400 seems unlikely this week – that is next week target, 3400-3454 major.

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