-fcpo at 2-week high as strong soyoil triggered a breakout scenario. Fcpo was mostly weaker compared to soyoil gains, within 2% to 3% throughout the day but played catches up later after seeing CO reaching $78/+4 % the highest since the equity selloff in late Jan10.
+ve tone in the coming days, 2450-2550, after today’s breakout case. Question now is whether the mkt can make a bull move, above short term SMA or cluster in a sideways manner
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