Wednesday, June 30, 2010

FCPO wrap....strong bounce....profit take buy


Fcpo manages to crawl bakc ot +ve territory despite weaker SO. While most mkts off lows, fpco recovery momentum was much greater, probably profit take buyback after an already sharp drop yesterday.
Tecnically, dwward-bias tone but dammed...still above the red-liine support. Meaning 2300-2350 range remains a wait n see.

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