Tuesday, May 03, 2011

Fcpo wrap....fails to reverse negative outlook...



Quiet day for fcpo. Despite SO sharp gains, fcpo struggles with 3300 resistance and defending gains in late hours. Players seem cautious for a lack of followthrough after a strong US market Monday. Metals, energy off high in Asian hours. Silver -10%. Technically, no major signal today. A gap up but dwward bias till mkt regains 3300 on closing

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