Wednesday, May 26, 2010

Morning gossip....fkli firm 1255-60 fcpo firm 2450-80

DJ recovered from lows as much as -290 to close dw -20. But Europe slumped almost 3%.

8.25: DJ futs +73. Regional +1%. Like others, recovery tone after big losses. CO +3% GOLD +1%

fkli : anticipates recovery phase after a 100p plunge but can the mkt sustains a min 1/3 bounce, near 1270++ in the coming days. Today's resistance is seen at 60. Above 1250 is +ve.

fcpo: SO +0.5%. mkt is seen rebounding from yesterday losses. Positive bias once above 2450.

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