Thursday 27 December 2012

FCPO Trading Strategies [28/12/2012]


By: Bulls Eye

FCPO Trading Strategies for 28/12/2012

Okay, today I will keep my information short, simple and clear cut, I’ve studied today’s FCPO market and with this I would like to provide you my analysis which I’ve calculated for tomorrow:

FCPO (March 2013)

[click to enlage]

We’ve seen our FCPO closed at 2479 today, with 2484 as the highest and 2424 as the lowest. Therefore I would advice to set the strategy as follow:

Technical Chart Analysis
Through an initial screening of the chart, we are still foreseeing that the trend may continue to be bullish.

Strategy For 28/12/2012
With the indication of FCPO being possible to be bullish tomorrow, we are putting our level of confidence towards an upward movement of the price to which may try 2500 as the first level of resistance. Should there be a breakthrough, then the next level of resistance would be 2520.

But, should the price move downwards and hits the supporting level of 2440, then there is a possibility that it may be trying to hit the next supporting level of 2402.

In conclusion, traders may actually long at 2457.

Disclaimer: The information and analysis mentioned above are solely based on Invest ACE’s personal technical analysis with the aid of professional training, decades of experience and meticulous foresight; Invest ACE shall NOT be held liable for any losses (financially or otherwise) incurred by any parties relying on aforementioned analysis without prior professional consultation. Should you wish to find out more on how to invest wisely, do not hesitate to contact Invest ACE via investace126@gmail.com.

No comments:

Post a Comment