Weak commodity mkt except cocoa and coffee maybe. SO and CO slide continues
After a day pause and 2-day of resilient tone, fcpo takes another dive today in an event that could signal a move towards 2400 if 2500 is taken out tomorrow.
Toppish in early trades as SO weakness continues to drag and selling force turns into full force after 2530 support gives way.
Below 2530 is bearish and mkt needs to regain 7SMA resistance to offset today's bearishness. Next breakdown lvl is 2495.
Below 2530 is bearish and mkt needs to regain 7SMA resistance to offset today's bearishness. Next breakdown lvl is 2495.
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