Thursday, July 28, 2011

Fcpo wrap...3100 support survives...sideways again



Sideways and keeping its +ve posture as 3100 support stays. Weak in early trades on equity spillover weakness but finish near day’s high on late buying activities after crossing back above 3100 in early PM trades. SO firmer in PM from -0.5% to flat in late Asian hours.


3080-3140 is a dead mkt. A breakout, earliest and hopefully next week, would dictate the next RM100-150 moves. North bet! to test 100SMA resistance.

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