Monday, August 23, 2010

Morning srart...fkli firm.. 1390-93 fcpo weak 2530-50

DJ -50, continued to suffer from weaker job data. Europe -1%


8.30 DJ futs +20. Regional softer tone, -0.5%. Commodity flat. Looks like a quiet day.

fkli : seens steady within 93-95 range on expectations that fbm will continue its climb towads 1400. Fbm bullish if >1395. fkli will take premium stance as long as fbm is > 1392-93 range.

fcpo : SO -0.2% lack of +ve signal means fcpo will be pressured by tech -ve. Below 2570 is a sell mkt but could well stuck in a daily neutral band of 2530-70. A breach of 2530 would resume its dwtrend towards 2500.

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