Friday, August 26, 2011

Fcpo wrap (2nd last edition)....going to test 2900 support


Quiet day for commodity ahead of Fed meeting with fresh stimulus in the pipeline.


Fcpo downtrend tone continues and seen heading towards 2900 first to find for a bottom. And failure to defend 2900 would create fresh selling pressure towards 2800-2850 range. Negative till Fcpo regains 3000.

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