Thursday, January 14, 2010

Morning gossip...fkli firm, fcpo short covering

DJ +50/+0.5% on financials depsite selling comodities stock.

8.30 : DJ futs +4. Regional doing +0.5% range. Comodities extend thier weakness..

FKLI - 90 will probably remains as support, seen taking the upper of 90-95 range but do not expect a breakout. Target is to reverse yest negative back to neutral - steady near 95++, therefore keeping 1300 alive after a scare yest.

FCPO - firmer 2500-2550 range on short covering with SO 1% but CO -0.5%. Expect to face strong resistance near short term SMAs.

No comments:

Post a Comment