Friday, July 22, 2011

Fcpo wrap....hello to 3200.....



Very tight range and in +ve territory, 3120-3150. Despite softer SO prices and stronger RM, Oct stays above 7SMA support line.

Fcpo seen ready to venture into a higher trading band, 3120-3250 next week. A strong breakout momentum is expected next week if fcpo clear 3150 next week.

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