Monday, February 22, 2010

Morning gossip...fkli firm fcpo firm

Last Friday : DJ +9. Europe up half percentage point. Unlike Asian, muted reaction on Fed's actions. This week data : focus on new home sales Wed and existing home sales Fri.

8.10 : Dj futs +20. Regional up almost 2%, recouping Fri's losses. NK +234. Commodities up +1% to 2%.


Fkli is seen narrowing its dis over fbm, staying firm within 53-57. Strogn upside depends on whether fbm can break above 60 resistance.

Fcpo- +ve commodity tone is likely to push Fcpo back above 2600 after 2-day of rebound. SO +1%. May10 is seen stuck at the recent upper range of 2600-2630 with the current SO lvl.

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