Wednesday, August 24, 2011

Fcpo wrap....boring and clueless.....


A very ranging and quiet day. No upside follow through amid weaker external front and fcpo conveniently stuck in a neutral range. It remains upward bias, above 7SMA and 2-week uptrend line.

A breakout above 3080 could initiate a fresh upward move towards 3150. Above 3000 is upward bias tone this week

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