Friday, July 29, 2011

Fcpo wrap.....3100 tug of war...favor bears next week



Steady AM but weakness in PM on SO losses, near -1.5%, drag Fcpo under 3100 again b4 bouncing off this week’s strong support 3080 levels.

Sideways still but bears will have the upper hand next week after winning a tussle at 3100 this week. Can expect a move towards 3000 if 3080 breaks Monday .

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