Monday, March 29, 2010

Fcpo wrap...tech sell follow through in PM...kwailow ?


Tech selling gained upper hand in PM trading, renewing Mar’s low, hitting 100SMA support. Strong ringgit made bulls effort even harder today. SO +0.5% in Asian hours.

While trading range remains the same 2500-2550 , Fcpo is making another step closer to 2500, a breakdown point towards 2400. Technically, bearish if below 2550.


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