DAILY FCPO COMMENTARY
Comments:
FCPO had hits our 1st uptrend at 4260. There might have small retracement at 4260 level. However, FCPO remain UP trend if FCPO can stay above 4040 level.
Our preference:
LONG positions above 4260 level with targets at 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
FCPO had hits our 1st uptrend at 4260. There might have small retracement at 4260 level. However, FCPO remain UP trend if FCPO can stay above 4040 level.
Our preference:
LONG positions above 4260 level with targets at 4437 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.