Last week we had some good opportunity to make money by shorting FCPO Sept and Oct contracts when it triggered the sell signal after breaching the 3,518 critical levels on the intraday hourly chart. It was one of the confirmations based on Elliot Wave Theory that the previous rally was just a corrective wave. Last week, bearish breakdown signal was also triggered on the daily chart. As of last Friday closing price, FCPO rally to close near the opening price after gapped down on the opening. Let us look what holds for us in this coming week for FCPO.