Thursday, July 01, 2010

Fcpo wrap....hello 2300...goodbye 2400




Fcpo experienced tech breakdown, under 2350, meaning 2300 is very much within sight this week as selling is seen accelerating, catching “up” with SO after outperforming SO in recent weeks, causing fcpo discount to narrow from $100/t to $70/t

Below 2380 is –ve to bearish.


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