Thursday, May 27, 2010

Morning gossip..fkli weak 45-50 fcpo strong 2470-90

DJ -70, under 10k in late selling despite strong economic data and Europe around +2%. The recent dw trend continues to trigger exit straegy.

8.20 : DJ futs +12. Regional -0.5%. Commodity mostly higher, CO +0.5% GOLD flat, above 1200.

fkli : lower tone but unlikely to see a selloff amid mixed exeternal. 45-50 for a start, -ve is udner 50, targeting 40-50 range.

fcpo : SO here for the rescue with +1.5%. Agriculturul rebound from oversold condition. Fcpo is seen back to resistance lvl for a range bound play again.

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