Monday, May 17, 2010

Fcpo wrap...near year lows...fresh bearish trend ?



Fcpo mostly quiet after a gap-dw opening. Occasionally profit take buy as mkt near 2400 but tech selling force capping the upside. Commodity recovery mode in late Asian hours.

If bulls are lucky it means 2400-2450 range in the coming days , or face with a major breakdw if 2400 fails to hold.

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