A big gap up triggers short covering as prices seen nearing 3300. Upside momentum runs on technical +ve factor, amid a lack of SO’s cue – Thanksgiving holiday.
Like fkli, fcpo regains sideways tone, with no major sell signal seen for the week and also minimizing a risk of breakdown in the near term The question now is whether it can reverse it short term dwtrend sentiment. Above 320o , is "test resistance" mode, therefore upward-bias tomorrow.
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