Wednesday, March 03, 2010

Morning gossip...fkli firm fcpo firm

DJ +2, gave up early gains on tech selling in the afternoon. Europe +15 on stronger Euro.


8.15 : Dj futs +2 .Regional flat, -0.1%. Commodity strong on weaker dollar against most major currencies. Gold at 6-week high, +2%. CO +1% near $80 resistance.


Fkli : Dj flattish closing is unlikely to spark strong buying interest to sustain a push above 1290 again. But dwside seen limited with stronger commodity price. Mar10 is seen steady within 85-90 again, the upside-bias band.

Fcpo : SO providing some relief to mkt bulls, +1% at mom. May10 is seen supported above 2600 but fresh upside steam..maybe not. It would probably just return to the upper range of 2600-2640 band. May10 calling to open RM10-15 higher

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