Monday, May 17, 2010

Morning start...fkli weak1330-35 fcpo weak 2440-2450

DJ -163 last Fri as Europe rocks the boat again. despite a $1trillion package,Europe ends the week on cautious tone ahead fo Greece next big debt paymeny due 19th May.

8.15 : Dj futs -20. Regional near -2%. Commodity weaker tone. CO -2% GOLD 1235, retreats from historical high near 1250.

fkli : early selling presure is expected to test 30 support. 30 looks good support for today but below 35 is intra day sell tone.

fcpo.SO -0.5% fpco is seen RM10 to RM20 lower. Tech sell pressure is likely to build up if price stays under 2450, for an attempt at 2400 support.

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