Wednesday, March 24, 2010

Mroning gossip fkli strong fcpo soft

DJ +100/+1%, ending at new 18-month highs following the release of a better-than-expected existing home sales report that suggests a slow economic rebound...CNN. Europe +0.5%

8.20 : DJ futs -4. Regional +0.7%. NK +70. Commodity mostly firmer tone, +0.2%

fkli : prices are likely to test 1320 if fbm breaks 1310. In the meantime, fkli will steady near 1315, within 1312-1316 bullish range for start.

fcpo : equity moves big but commodity rather quiet in the 2nd half of Mar. SO -0.2%, near 40 mark. CO near 80 mark. both around these lvls for almost a mth. Jun10 is seen range trading within 2570-2610, in a mkt the is still lack of a clear direction, technically.

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