Friday, February 12, 2010

Morning gossip...fkli strong fcpo weak

DJ +105, after the European Union's promise to help debt-ridden Greece eased worries that a default might hurt global markets..CNN. Europe mixed, flat.

8.20 : DJ futs +5. Regional quiet, except NK+100, catching up after closing for holiday yesterday. Commodties strong, Gold +2%, CO +1%

Fkli - firm 44-57 range, seen stuck within 50-53 first due to it premium b4 fbm opens. Upside potential seen at 57 only if fbm breaks 53. Firm tone if fbm above 47.

Fcpo - soyoil lower, retreats after 4-day of gains. -1%. therefore, no breakout scenario and FCPO Apr is likely to stuck within 2550-2600 again but this time at the lower band. Opening about RM10 lower.

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