Monday, May 09, 2011

Fcpo wrap....commodity bounce . silver leads





In +ve zone for most of the day but no surprises to the upside. Commodity +ve day on recovery mode, lead by metals and energy. 3200-3240 mostly.

Immediate support band is raised to 3175-3200. Above this range is bounce tone, targeting short term dwtrend line if mkt crosses above 3250

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