Friday, June 11, 2010

Fcpo wrap....2400 gone...sayonara..


Year lows, 5-day-RM88 losing streak, as tech pressure builds up following a crack at 2400 support. Tech bearish as fcpo deviates from its ascending triangle formation. Near tmr focus now is to close 2273-2305 gap. More dwside seen before a correction.

Trading range is lowered from 2400-2480 to 2350-2420 and bearish if mkt remains under 7SMA resistance lvl.

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