Tuesday, June 28, 2011

Fcpo wrap...seen consolidating 3000-3100 till next week



Very sideways, no fresh lows, playing with yesterday last 30-sec’s “hole” around 40-70. Defensive tone remains. Bears ready to take a breather first ?

Further bounce seen for the week if mkt stays above 40, targeting strong resistance, 3100 but likely to remain a bear mkt this week. Major fresh leg dw under 3000 seems unlikely this week.

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