Tuesday, February 09, 2010

Morning gossip..fkli negative fcpo firm

DJ -100, with financial shares leading the way, as worries about the U.S. economy and European debt weighed on investor sentiment. Europe rebounded +0.5%.

8.30 am : DJ futs -7. Regional flat, mixed within -0.5% to +0.5% NK -30 Kos+3. Commodities mostly higher except CO -0.6%. Gold +1%

fkli- can fkli sustain above 1230 ? it all depends on fbm as technical outloook is bearish with no sign of recovery yet. Therefore a breakdown is great , especially is fkli trades below1233. Fkli is likely to start within 1230-1233. Fbm immediate resistance is lowered to 1235++. Support is round-figure 1230.

fcpo- soyoil extends gains, another 1% at current time, prodiving incentives for bulls to attempt 2600. Initial trading range is seen at 2530-2570.

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