Thursday, May 06, 2010

Morning start..fkli weak 27-30 again fcpo firm 2520-2540

DJ -60 amid more signs of a deepening crisis in Europe. Europe -1%.

8.15 : DJ futs +20. Regional off to -ve start. Aust -0.5%. Both Kos and NK reopens today, NK -3% Kos -2%. Commodity mixed, CO, the worst hit product on Europe's mess, tumbles 3%. GOLD flat, firm.


fkli : another tug-of-war at 30s. Negative tone for fkll if fbm stays under 35. With fresh sell signal if 27 is breached. And expect same support as yesterday.

fcpo : SO +0.2%. Positive tone but unlikely to have a breakout higher case. 2520-2540 upward-bias band.

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