Tuesday, August 10, 2010

Morning start...fkli firm 1365-67 fcpo soft 2700-2730

DJ +50, as investors signaled modest optimism in the economic recovery, ahead of a highly anticipated statement from the Federal Reserve...CNN


8.15: DJ futs -7. Regional +0.5%. Commodity mostly flat.

fkli : will take on 65-70 range if fbm > 64. fbm is expected firm above 62 and re-test 64-65 resistance. both are unlikely to make a decisive move away from recent sideways tone following DJ cautious tone.

fcpo : SO -1%. a mild pullback but 2700 looks good as the immediate support. Below 2730 is -ve tone.

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