Wednesday, December 22, 2010

Fcpo wrap....ready for 3700



A very slow, steady but 3600 toppish AM session but momentum picks up in late PM session after fcpo finds support at 3580 and made a visit to 3600 again. This time a breakout and the rest is history.

Fcpo clears all short term resistance mark and is set to test 3700 as the next move. Above 3600 is bullish. Support is raised from 3500 to 3550.

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