Fcpo all the way up…..even SO is taking note. SO reverse AM losses to trade +0.5% in PM session from -1% earlier. After a slow and weak start, bullish run continues after 11.30am when 2470 resistance was breached and no looking back thereafter.
Tech bullish, low end -stock, el nina, hari raya demand….take a pick
Trend wise, Fcpo is seen targeting 2700 after a convincing break above 2500. But not this week, some pullback towards 7SMA is expected first. 2500-2550 looks a better bet.
Above 2500 bullish, immediate target of 2550. Pullback is seen limited near 2465-70, if any tomorrow.
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