Thursday 3 January 2013

3/1/2013 ; FCPO - 2475 ; BULLISH STILL.

Fcpo bullishness still intact since it's still within the 'rising wedge' since the last 2 weeks. From a low of 2217 on the 13/12/2012, it has risen to a high of 2524 yesterday recorded a higher lows and higher highs. Fundamentals are positive due to rising soyoil prices and also bad weather conditions will hamper palm oil production. Bullish if price within wedge or break up. Bearish if break down.