Thursday, November 18, 2010

Fcpo wrap...crazy buying spree...3250-3350 tomorrow


From a very bearish start to a very bullish finish. Thanks to SO recovery in the afternoon, from -5% to -2%, fcpo moves to higher ground of 3200-3250. At this point, fcpo seen fair to SO. But after fcpo crosses into +ve territory, buying spree starts
Above, 3250 is buy mkt. 3000-3050.

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