Thursday, July 29, 2010

Fcpo wrap..looking good to finish above 2500 in July


Fcpo experienced profit take sell at critical resistance lvls around 25-35. SO strength provided the initial push above 2500 on follow through tech activities.

Fcpo is unlikely to stage a breakout above 2535 but could well satisfy to “park” fcpo above 2500 in July. This would encourage the resumption of recent uptrend targeting 2600 in the first half of Aug.

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