Thursday 3 January 2013

FCPO Trading Strategies [04/01/2013]


By: Bulls Eye

FCPO Trading Strategies for 04/01/2013

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 2475 today, with 2557 as the highest and 2467 as the lowest. Therefore I would advice to set the strategy as follow:

Technical Chart Analysis
Through the screening of the chart, in general it is still considered as uptrend but bear in mind, after our thorough analysis, we believed that tomorrow has a higher chance of being in consolidation period which will move sideways with quite minimal range to move.

Strategy For 4/1/2013
We would suggest that for those who wish to trade tomorrow to reconsider their decision as the range for traders to trade are quite narrow. Where the price might move between 2457 to 2503. The second level of support and resistance would be from 2439 to 2531.

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.

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