Thursday, June 02, 2011

Fcpo wrap...strong day, ending a 3-day of losses


Very strong day. No major dwward pressure as no panic in the equity mkt. Sideways at Wed’s lower band b4 taking 3370-3400 in PM.

Still mkt has yet to recapture recent upward trajectory band, therefore cautious and sideways play likely tomorrow, 3350-3440. No major bears if >3300.

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