Thursday, February 4, 2010

FCPO Daily: in Consolidation phase


Consolidation phase looks likely to extend in near term as prices move in the range between 2400-2500 levels. Thus, we continue to look for the immediate support at 2475-2462 (gap left over on 3/2/2010) followed by 2400-2393. While, upside resistance is pegged 2520-2540.