Wednesday, February 24, 2010

Morning gossip...fkli soft fcpo soft

DJ -100/-1% after a key measure of consumer confidence plunged, reflecting investors' growing pessimism about the strength of the economic recovery. Europe -1%.

8.15 : DJ futs -14. NK -1.7% Kos -1% Commodities -1%

Fkli - instead of follow through, a retreat pressure will start off the mkt on US worse-than-expected closing level. Feb10 seen stuck at the lower range of 60-65 again.

Fcpo - SO -1% May10 is seen extending dwside towards 2600 support form 2620. 2600 is likely to hold as supprot today. 2600-2640 range for a start.

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