Thursday, April 22, 2010

Fcpo wrap...not leg down.. 4 days of identical range




One day up one day down. Not so much this week after Mon’s big drop. Price ranging within 2450-2500. Activities tend to occur in PM, late PM only.

While dw trend, mkt fail to create fresh leg down yet…with 2500 still work as a strong magnet. Above 2470, is "recovery" mode or upside bias.

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