Tuesday, July 06, 2010

Fcpo wrap...ready for some correction ? boring if yes


Getting some help from equity sentiment, fcpo mostly steady above 2300 in PM session. But still a tug-of-war around 2300 despite +ve externals. Commodity mostly higher around +0.5%,not as gung-ho as the equities.

Technically, not much, well supported. While no major +ve yet, fcpo could shift to rebound mode first it stays above 2290. Meaning it would give 2250 a miss first, especially is it extends gains towards 2300++ tomorrow.

No major sell signal seen tomorrow if > 2290.

No comments:

Post a Comment