Morning quiet...fkli firm 6-90 fcpo soft 2470-2500

DJ +130 a corection bound after Thu big drop. Sentiment remains mixed and cautious, Europe marginally lower Fri.

8.30 : DJ futs -20. Regional flat. Commodity also flat. All taking a wait n see stance.

fkli : seen steady on bounce tone. Above 86 is intra day buy and if full scale rebound comes, 1300 is the target (around 1/3). but at mom, 85-93 first till fbm breaks 90

fcpo SO -1% : CMECPO starts tradring today 6am till 5am local time ( Chicago 5pm-4pm) DST in force) But zero trade. Last week Indonesia also launched its own CPO futures contract.
Back here, after a strong closing last week on spot mth activity, 2500 is likely to remain a resistance given SO losses but support seen at 70+.