Wednesday, July 28, 2010

Morning start...fkli firm 1354-58 fcpo firm 2470-80

DJ +12., after a big drop in consumer confidence offset better-than-expected profit growth from DuPont, UBS and others. Europe +0.3%

8.30 : DJ futs -5. Regional firm tone. NK +1.5% on yen factor. Commodity mostly lower. GOLD and CO near -2%

fkli : same range 50-60. +ve tone but fkli upside seen limited till fbm > 53. fbm 48-53 is neutral.

fcpo : SO -0.2%. fcpo is seen starting within the lower band of 70-80 range. +ve if >73 and intra-day bullish if > 80.

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