Tuesday, July 26, 2011

Fcpo wrap...sideways, no fresh -ve signal today


Another tight range trading day, with sideways tone again, 3120 here and there after regaining 3100 resistance mark. Commodity mostly higher in Asian, marginally, amid a weaker US$ in Asian.

Fcpo avoids fresh –ves after a 3-day of weak sentiment but at the same time it has yet to return to +ve zone.

3080-3140 is neutral play.

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