Monday, August 01, 2011

Fcpo wrap...sideways, wait and watches.....




Very tight range and upward bias in line with the rest of commodity mkts amid a weaker US$ and equity bullish tone.

Fcpo escapes a breakdw, under 3080 , by recapturing 3100 mark. But weak follow through and mkt remains in a 2-week comfort zone of 3080-3140. Back to upward bias after two days of –ve sentiment.

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