Tuesday, July 06, 2010

Morning start....fkli weak 1290+ fcpo weak 2280-90

DJ closed on Monday. Europe extends weakness, -0.5%.

8.10 : DJ futs -30, together with Europe ovenight losses. regional trading lower -1%. Commodity lower too. CO -1.5%. GOLD flat, a tad above $ 1200, near this mth low.

fkli : for a lack of +ve leads, tech weakness will be a dominant force. fkli will start near 90-93
amid the disocunt but a break towards 86 seen if fbm < 1294, for 1286-90 play. 80-85 looks like kneejerk selling unless fbm < 1290. fbmd wside seen limited near 90-94 today.

fcpo. SO flat, to -0.3%. Fcpo bearish if opens under 2290, targeting 2273 gap or 2250 if SO extends current losses lvl.

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