Monday, January 31, 2011

Fcpo wrap....not only upper band, also near major resistance


-late buying activities in the last 15 mins push fcpo from 3780-3810 as tech outlook improves further in PM.

-fcpo may catch up with strong commodity tone after a disappointing Jan for bulls, targeting long range 4000. At least to test recent highs near 3900. Support is raised to 3700 from 3600.

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