Tuesday, July 13, 2010

Fcpo wrap...aiming bullish zone...but first some pullback ?


Taking SO cue and tech strength, fcpo on a 4-day-RM83 winning streak. Still looking strong, while pullback is seen limited near 2300-2350 range.
After 4-day gain, fcpo is heading for another major resistance, of 2350-70, where a breakout means escaping a 4-mth old dwtrend channel range. Bullish stance if above 2340 as breakout scenario remains very much alive.

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