Tuesday, January 19, 2010

Morning gossip...fkli brekaout, fcpo firm

DJ holiday. Europe +0.7%

8.30 am:DJ futs -1. NK -10.Kos +10. Commodities recovery mode, about +0.5%.

FKLI - time to breakfree from 1300? maybe to soon but first expect fbm to crawl above 1300, targeting 1305++ if today is a bullish day. fkli seen steady 1300-1305. Immediate support for fbm and fkli is raised to 95 from 90.

FCPO - SO and CO gains of 0.5% will provide some follow through buying. Apr10 seeen at 2500-2500 range and test short term resistance lvl. Can the mkt recapture 7SMA ?
Above 2490 is intra-day buy.

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