Morning start...fkli firm 1300-03 fcpo firm 2410-20

DJ -20, gives up more than 100 points as Moody's downgrade of Greek debt weighs on markets but Eur0pe post +1% gain.


8.15 : Dj futs +3. regional -0.5%. Commodity mostly lower. CO -0.6%. GOLD -1%.

fkli : fkli price-in a near +80 for DJ to justify its premium over fbm yesterday. But with DJ -20, upside charge will likely take a back seat first as profit take sell will set the pace. But as long as fbm stays > 94, fkli is seen near 1300, taking the same range of 1297-1303.

fcpo : SO +0.3%, will entice mkt to test 7SMA strong resistance near 2420. and seen range bound within 2400-2420 with intra-day upward bias tone if >2410.