Friday, November 26, 2010

Fcpo wrap...this week -52 but near reversal lvl ...


Steady, bulls holding, not letting go last days effort, unlike fkli. Prices manage to recover from a gap-dw opening in PM following Korean news but commodity mostly muted. Weak RM also support.

Fcpo moves within Thus’s range, no fresh moves, thin trade. Upward-bias if > 3230, targeting a reversal of short term dw trend line with a crossing back above 3300. Bears take charge if under 3200, aiming for the breakdw mark of 3100.

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