Technical related buying from 4.50pm onwards gives FCPO some extreme gains today. A combination of cut loss and fresh buying, all the way up after 2650 resistance. Outperforms SO by more than 1%
Market seen heading for 2720++, revisiting the year high band, as both SO and CO are also at year high resistance lvl. SO > 40 CO > 80 mark.
While we may see some profit take tomorrow, fcpo is likely to maitains it newly found uptrend momentum for coming week. Selling is seen limited to the "premium" play.
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