Strong recovery, indeed. Still no major break for bears yet as bull run looks very much alive. Fcpo off to a weak start on selling interest at 3400 psychological lvl in AM session but made a strong reversal in PM after MPOB data – lower than expected rise in stock?
With fcpo back near 3400 towards the end, its make you wonder whether fcpo will attempt 3400-3500 range this week. No chance to buy on dip ? Support is raised to 3260.
Above 3370 is bulls turf , with another assault in plan if fcpo regains 3400 tomorrow.
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