FCPO Price moving in channel
Price hit 2260 at the top of the trend line and reverse back into the range today. Price closed respecting the channel and the significant level at 2238 (again), and is Holiday tomorrow.
Moving forward to Thursday, we may see bearish momentum pushing it towards bottom trend line and start moving in ranges, before any news / data releases that will build up any momentum.
Also to observe the movement of CBOT - movement may affect the FCPO price direction.
Moving forward to Thursday, we may see bearish momentum pushing it towards bottom trend line and start moving in ranges, before any news / data releases that will build up any momentum.
Also to observe the movement of CBOT - movement may affect the FCPO price direction.
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