Thursday, June 10, 2010

Morning start...fkli firm 85-90 fcpo firm 2410-2420

DJ -50 sharply off high as investors ditched energy shares amid ongoing concerns about BP's ability to survive the Gulf oil spill. ...CNN. Europe recouped Tues's losses, +1%.

8.15 : Dj futs -5. Amid mixed externals, regional takes firm tone, near +0.5%. Commodity looks quiet. CO +2% .GOLD flat.

fkli : looks like a quiet day and more dwside risk. like yesterday, fkli seen steady due to its discount, within 85-90 range if fbm stuck within 87-92. More selling presure expected if fbm dips under 87 , with fkli target at 80.

fcpo : SO hardly made a move for the past 3-day after Mon's big drop, flat at mom. fcpo will likely to start neutral within 2410-2420. Below 2420 is intra day sell and potentially bearish, targeting 2400 major support again. To the upside, 2440 target.

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