Thursday, January 07, 2010

Morning gossip...seen steady near 1295-1300

A) everything flat except commodities.

DJ +1 . Commodites near +1%. Dollar weak.

8.14 : DJ futs -2. Regional soft but flattish.

Fkli seen trading within yest's range 1292-1300. unlikely to break 1300 unless HS surges. But dwside seen limited on stronger ringgit....indicatings stong foreign interest.

Technically, a profit taking mode if below 1297 today. Above, potential run up again.

B) FCPO looks firm within 2700-2750. Above 2680 is a buy mkt.

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