Morning gossip...fkli weak 1298-1300, fcpo bearish 2400-2450

DJ -122/-1% Europe near -2%, a strong dollar and questions about China's lending practices slammed commodities, one of the leaders of the recent rally. ..CNN.

8.25 : DJ futs +10. Regional near -0.5%. NK -60. Kos -11. Dollar strong against Euro, +1%. RM 3.3700/-0.2% Comodities 1% to 2 % lower.


Fkli - will probably trade near 1300.., as fbm dwside can be limited near 1300 too, which represents -0.5%. Forget about upside first until HS opens. A defensive play for the start but expect to hold well...near 1298++. 1298-1302 range or 1296-1300 range ??

Fcpo - soyoil extends losses -1.5%, crude oil gives back gains, -1%. Looks like a new lower trading range of 2400-2450 today. Apr is seen opening minus RM20.