Friday, January 07, 2011

Fcpo wrap...bulls start bears finish...1/3 pullback

-this week, commodity selling starts from metal, then crude oil, then agri …whatsup! US$ excuse but that’s all to it?

-fcpo finish the week in –ve sentiment, damaging its uptrend pattern today, more pullback first, targeting 3700 ( 50% of 1-mth old rally) or sideways before the next run.

-trading range is lower to 3700-3800 from 3800-3900 this week. Short term sell if < 3820 or the short term dwtrend line.



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