Friday, August 19, 2011

Fcpo wrap.. the calm"est" of all... -ve tone but no big trend


Agri product remains calm, in negative bias tone amid external conditions. Safe haven commodity like GOLD, +4% heading towards $2000 mark. But speculative products like CO,tumbles -7%.

Fcpo ventures back to –ve zone again but not yet bearish as it remains above 2900. Dwward bias if under 3020. A breakdw below 2900 could see a big dw trend move towards 2750+.

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