Friday, August 05, 2011

Fcpo wrap....fresh dwtrend next week ?





Big cap dw opening but rebound mode after first 10 mins into trading. Upside limited on sell on rebound near the lower band of recent sideway range.

One step closer towards a fresh trend - dwtrend under 3000. Not the case yet but risk increases if fcpo continues to stuck under 3100 next week. Next target is 2850+.

Below 3000 is major sell signals as new trend indication after sideways for so long. Immediate resistance is lowered to 3080-3100

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