Tuesday, October 19, 2010

Fcpo wrap...back above 2900...


Like fkli, fcpo also escape a breakdw scnerio but sentiment still wounding from Mon’s effect. Upside limited especially in PM. Despite SO advance, fcpo only stuck at the mid range of 2900-2950 trading band. Cautious ahead of ITS/SGS exports estimates tomorrow? Very tiny trading range this week…whatsup!

Technically, still sideways tone at the mercy of external factors, like SO. But within 2900-2950 is good news for bulls. Critical support seen at 2877.

No comments:

Post a Comment