Thursday, March 11, 2010

Morning gossip..... fkli strong fcpo strong

DJ +3. Still not much of direction this week yet ahead of Fri's big data-Feb's retail sales. Europe and Nasdaq near +1% gains.

8.20 : DJ futs -2. Regional strong near 1% gains. commodity higher except gold. CO up 0.5%. Gold -1%.

fkli : looks encouraging for another big run up if 33 high breaks targeting 40 today. A chance to bet on a pullback only if 28 support is violated. For start near 33, till fbm breaks 1330 lvl.

fcpo : soyoil catching up with fcpo, up slightly more than 1%. this should put May10 back above 2700. MAy10 is called to open RM20 higher. Can it secures 2700-2720 range ?

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