Monday, November 15, 2010

Fcpo wrap....bulls ready to attack 3400 again...



Same support and strong bounce, maintaining an upward bias tone despite SO steep losses, -2%, on US$ strength. Fcpo keeps its head above 7SMA after 2 days of defensive play, indicating strong bargain and "desire" to resume its uptrend. .....no fresh bullish tone yet till > 3400 but watch out bears!
Immediate support is raised to 3360-70. Bulls are seen in driver seat this week if fcpo >3300.

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