Morning start...fkli soft 1335+...fcpo weak 2390-2400

DJ -8, gave up gains as investors chose to be cautious after a recent advance and discounted China's move to strengthen its currency. ..CNN. Europe +1%

8.20 : DJ futs +4. Regional around -1%. Commodity also -1%.

fkli : seen starting soft near 1335 and likely to slip to 30-35 range. Chance of closing yest's gap will increase if fbm dips under 1330.

fcpo : SO -1%. after recent top heavy actions, 2400 support will come under pressure again today. 2380-2400 range if SO stays -1% but unlikely to create breakdw from recent lower ranges near 2370.