Monday, October 12, 2009

2009 1012 0931 FCPO Weekly Chart Study. Waiting for export figures today.



FCPO weekly chart traded higher and stayed below mid Bollinger Middle Band = Bearish. Bollinger band width narrowing suggested that market will stay sideway range bound with the tendency to bounce higher. MACD Histrogram continue to fall but at a smaller scale = Seller still out number buyer. Market will be waiting for export figures by ITS and SGS Surveyor today.

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