Bull had wave the white flag when the support at 3033 (low since 1st Apr) violated and prices sink to the low at 3027. Bear may continue to lead the market momentum in near term. For now look for the support at 2838-2814. While, resistance is at 3335-3358 (gap left over on 20 -27 Jun).
Friday, July 25, 2008
FCPO Weekly: Bull wave the white flag
Bull had wave the white flag when the support at 3033 (low since 1st Apr) violated and prices sink to the low at 3027. Bear may continue to lead the market momentum in near term. For now look for the support at 2838-2814. While, resistance is at 3335-3358 (gap left over on 20 -27 Jun).
