Fcpo prices finish on high note on short covering activities when it manages to cross back above to +ve territory after stagnating between 2370-2380 for most of the day. SO regains some ground in late Asian hours, cut losses by half.
Technically, mkt looks like going for consolidation play fro the week. While, bearish tone is off, mkt remains negative till a closing near 14SMA/yellow line. Today’s follow through will remain as long as Sep > 2380.
Technically, mkt looks like going for consolidation play fro the week. While, bearish tone is off, mkt remains negative till a closing near 14SMA/yellow line. Today’s follow through will remain as long as Sep > 2380.
No comments:
Post a Comment