Tuesday, May 10, 2011

Fcpo wrap....sideways but bulls happier at mom



















Scaling higher on +ve tech outlook and strong commodity again. Mostly above 3250, a fresh tech +ve zone today, also regaining 7day SMA line. Upward bias, testing short term trend line if it stays above 3200. Like Fkli, question remains whether it can reverse its short term dw trend tone…….. unlikely this week

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