Friday, August 27, 2010

Fcpo wrap...-2 for the week but trading buy on rebound


Fcpo holding above 2500 after a selling from 2750 lvl. It finished the week on rebound mode and looks like a sideways and consolidation band , 2500-2600, next week.

While dwrisk is still greater as fcpo needs to break at least 2570 to reverse its dwtrend mode but not a big concern for bulls if fcpo stays above 2530, its immediate support.



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