Tuesday, June 29, 2010

Morning start...fkli frim 1330-33 fcpo weak 2380-90

Kind of mixed signals as mkt await May's job dat due this Fri. DJ -5. Europe +1%

8.30 : DJ futs +14. Regional firmer tone, +0.5%. Commodity off yesterday's highs but flat, around -0.5%


fkli : seen stready near 1330 first due to its premium. bullish if fbm > 1326, targeting 40 mark again. Above 1330 is intra day buy.


fcpo : SO -1%. A set back for bulls. wiht the current SO rate, fcpo will start on the defensive side first. back to recent low ranges but fresh led dw is unlikely.

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