FCPO Trading Strategies [03/01/13]

By: Bulls Eye

FCPO Trading Strategies for 03/01/2013

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)

We’ve seen our FCPO closed at 2503 today, with 2524 as the highest and 2449 as the lowest. Therefore I would advice to set the strategy as follow:

Technical Chart Analysis

Through an initial screening of the chart, please take note that there is a “Shooting Star” (see the red circle) occurrence which might indicate a downward adjustment for tomorrow.

Strategy For 3/1/2013

With the “Shooting Star” occurrence, there is a high possibility that it indicates a downward adjustment for tomorrow’s FCPO – Mar ’13 market. Should it takes effect, the first level of support would be around 2460 and the second level of support would be at 2420.

But, should the price move upwards (it is possible!) as it is still considered as upward trend, it may move towards the first level of resistance of 2535 or even may move towards the second resistance level of 2567. Should this really happens, it has a high possibility that it is heading towards 2600 mark. For traders who are holding any “long” contracts, you may option to hold it longer as the potential for a higher profit is quite likely to happen.

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.