Wednesday, July 21, 2010

Fcpo wrap...near 2 mth highs...ready for 2500 ?



Strong reversal, bulls commitment to keep Fcpo in bullish zone with the helping hands from firmer SO price in late Asian hours. Buying interest jumped after 4.30 pm. Earlier mkt was mostly steady but not much upside.

Technically, a bullish signal for 2450-2500 play if mkts opens higher tomorrow. A continuation of recent uptrend if > 2440.

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