Tuesday, February 23, 2010

Fkli wrap...ready to fly? ..1270-1300 ?




-fkli hit day’s high in perclosing-phase, 1270 up 1.5p from last done price, as players takes premium stance first anticipating stronger DJ tonight

-recover from early losses but finding the same resistance lvl. Fkli more upbeat than fbm thanks to HS performance.( -250 to +250 in AM session) Later, Europe start on +ve tone, +0.5%. DJ futs +30. Fbm did not move much, steady near the recent upper range, just waiting for better incentives to cross 1270.

-rolls take centre stage today , providing 80% of mkt total vol.

-chart remains +ve-bias and the Q remains the same, can mkts cross above 1270 for a fresh run up in the coming days or in early Mar.


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