Tuesday, January 26, 2010

Morning gossip...fkli firm fcpo semi-bearish!

DJ +20, recovery road but weaker housing sales limit upside. Europe -1% offsetting Fri's stronger thanDJ performance.

8.25 : DJ futs +10 , Apple strong result. Regional flat, NK +20. Kos-3 on 2% 4Q GDP growth. Commodities look quiet and soft tone. CO +1% SO -1%. Gold -0.5%

Fkli - Dj not strong enougth to push fkli near 1300. Firmer range maybe, 92-97, mostly near 95 again. Above 92, is a buy mkt.

Fcpo - same idea like yest, testing support 2450++. Probably weaker than yesterday. Below 2447, target is 2400. Soyoil -1%. Fcpo upside seems limited with FCPO "premium" over soyoil - $93, avg $103 so far this year.

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