Morning start...fkli firm 40-45 fcpo 2500-2530

DJ +8 with the Dow industrials closing above 11,000 for the first time in 18 months, after European leaders made loans available to Greece, tempering fears that the nation might have to default on its debt...CNN Europe mixed, flat.

8.21 : DJ futs -14. Reigonal -0.5%. Commodity slump 1%. GOLD -0.8%. CO -1.3%


fkli : DJ did not perform as "good" as expected. Upside seen limited, looks like a defensive play. Do not expect upside potential but same upper range of 40-45. fbm is seent aking 36-40 range on softer tone or in an out of 40 like yesterday, only above 42 is considered strong.

fcpo : SO -2% one-week lows, as weakness in world vegoil marketsand lingering uncertainty about China's rift with Argentina about soyoil imports weighed on prices. fcpo is seen taking the lower range of 2500-2530 but expect 2500 to hold.