Plan B : Cut above 1506.

Plan C : Long if market stays firm above 1494.5 and rebounds. Targets are 1498, 1501.5 and 1504.

Plan D : Cut below 1490.

FCPO

FCPO opened gap up in the afternoon yesterday and never look back thereafter. Short covering activities were visibly strong, sending FCPO to a high of 2502 before settling at 2495. Further recovery can be expected today, pending any setbacks.

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