Monday, June 14, 2010

Morning start...fkli firm 1296-1303 fcpo strong 2400+

DJ +40 on consumer confidence data, offsetting weak retail data. Europe mostly higher.

8.20 : DJ futs +40. Reigonal upbeat near +1%. Commodity mixed. CO --0.5% GOLD +1%


Fkli : steady and seen in and out of 1300 with more sustainable upisde if fbm >1297.

fcpo : SO +1% on late buying by commodity fund. fcpo is expected to find selling pressure at 2400 as tech weakness will continue to attract sell on rebound.

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