Thursday, August 7, 2008

FCPO fully covered upside gap

Market fully covered the upside gap left over on 4th-6th Jul, 2008 at 2803-2820 and surged to close near the day high with printed a long white candle. Looks may target another gap left over on 1st-4th Jul, 2008 at 2897-2935. Downside support is pegged at 2700-2710.