Morning start....fkli firm 1395-97 fcpo soft 2480-90

DJ +20, barely, small recovery as mkt digested another set of weak housing data.Europe -1%.


8.15 : DJ futs +13. Regional +0.5%. NK leads as yen retreats on fear of BOJ intervention. Commodity still mixed this week, up and dw without a clear direction especially speculative-porne commodity. CO +1.5% GOLD +0.5%

fkli : seen taking the same range 1390-1400 with further dw risk if fbm < 1395. Suspect fbm would try to recover back above 1400. Negative tone if < 1400.

fcpo : SO -0.2% , bearish tone if fcpo opens under 2486, targeting 2440-50. Downtrend will continues but intra-day +ve if above 2490.