Tuesday, May 11, 2010

Morning start...fkli firm 40 fpco soft 2500-2530

DJ +400, European officials approved a nearly $1 trillion rescue plan to contain the debt crisis in troubled nations and stabilize the euro. Europe came roaring back with mostly +5%, Paris +9%

8.30 : DJ futs -20. Regional +0.5%. Commodity back to sell mode, -1%. CO -1.5% GOLD +0.5%.

fkli : in and out of 40 first till fbm opens. 40-45 if fbm >35 otherwise 35-40 range again due to the large premium.

fpco : SO -1% fcpo is unlikely to escape resistance lvl amid the current SO lvl. therefore another range play but this time a dwward-bias range of 2500-2530.

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