Thursday, July 01, 2010

Morning start... fkli weak 1305-10 fcpo firm 2370-80

DJ -90 on follow through. Europe marginally higher, +0.2%

8.30 : DJ futs +11. Regional around -0.5%. Commodity mostly flat to lower tone. CO -25. GOLD no moves, flat near $ 1240

fkli : another test at 1300 as fkli is seen taking 05-10 range first. Intra-day -ve if < 1310. May catch up with fbm if fbm seen sustaining above 1310. Upside limited around 16.

fcpo : SO flat, no signals at mom. fcpo may avoid a breakdw scenario but upside too seen limited within recent familiar ranges. Above 2370 is intra-day buy tone.

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