Thursday, July 14, 2011

Fcpo wrap...likely to go bulls....next week


Strong grain prices give fcpo bulls the much needed short covering activities to push fcpo to a 2-week high. Another strong finish tomorrow, above 3100, would turn mkt higher in the coming week. 3100-3300. Tomorrow's upside seen limited near 3170, for 3100-3170 play. Above 3150 is bullish.

Commodity higher as US$ slip after Bernanke give hopes of more stimulus. Grains gain further on weather concern on corn crop

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