Thursday, June 23, 2011

Fcpo wrap....fresh year low...more to go



Dwside risk increases to 3100-3150 ranges. However it should stay near 3150 on profit take buy at lower end ahead of the weekend but unlikely to reverse its dwtrend outlook. Below 3150 is bearish.

Bears are ready to whack it dw next week if no improvement on the external front, creating a move towards 3000.

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