Friday, June 25, 2010

Morning Start ...fkl weak 1318-1320 fcpo weak 2370-80

DJ -145 as investors mulled mixed reports on the economy and a sell-off in bank shares as Wall Street reform talk move toward a close...CNN. Europe -1.5%

8.15 : DJ futs +14. Regional -1%. Nk -1.5% on yen stength under 90.00. Commodity mixed. CO -0.5%. GOLD firm, flat.

fkli : tough act to regain resistance after a expected weaker opening. While the discount may hold the fkli near 20 if fbm stays above 18. But danger of falling into 1312-1320 range Immediate resistance is seen at 20 followed by critical resistance of 25

fcpo : SO -1%., hampering bulls effort yesterday for a follow through above 2400. Re-testing 2370 support but fresh range of 2350-2370 ? Generally, beliow 2380 is -ve and potentially bearish.

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