Wednesday, May 25, 2011

Fcpo wrap.....bullish closing ..ready to test 3450.. part 2




After a lackluster and neutral AM session, fcpo surges to 3400 lvl after finding the same support at 3350+ again in PM opening trades. SO mild gains from mild losses earlier also a contributing factor.

Market is back above 3400, creating another chance to revisit an almost 2-mth high near 3450+ and park within 3450-3500 this week and attacking 3600 next week. Critical support is seen at 3380-3400 this week.

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