With change-over of benchmark today, Fcpo missed fresh year high mark on continuous basis. Thats why sentiment so lousy ??Instead of taking advantage of SO strong gains in AM session,. prices never did pick up momentum after a gap-up, downhill all the way, coupled with late selling activties after 2700 support kapush! …
As a result, no confirmation of Fri’s strong move as fcpo failed to mark its footprint above teh red resistance line. Worse, fcpo is under 7SMA. Bulls must work hard now..otherwise it looks like a Jan-Mar-Aug-triple-top if 2650 support is breached...scary thought!! In the meantime, 2800 still hopeful.
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