Futures

A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

** Source from: www.investopedia.com

Sunday, October 4, 2009

FCPO in trading range

FCPO is currently trading in a range. Any breakout could trigger a move. Breakouts with good volume will guide us where to trade. As for now, the range is confortably cap at 2090 - 2125.

(My Opinion : holds short with recommended stop at 2155 for lower risk player and stop at 2190 for higher risk player)
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