Wednesday, June 22, 2011

Fcpo wrap.....ready for fresh year low


Fcpo trends lower in PM on softer commodity tone. SO dips minus from +0.2% in AM, Significantly, sell on strength activities limit fcpo gains in early trades, indicating bears resolution to keep the mkt dwtrend intact. A breakdw under 3200 adds to bulls problem.

Technically, 7SMA a tough nut to crack ..again. Are bears ready for a fresh assault ? Maybe not this week...but 3100-50 possible on kneejerk breakdw

No comments:

Post a Comment