Wednesday, August 04, 2010

Morning start...fkli weak 1360-64 fcpo strong 2570-80

DJ -38, on mixed housing report Europe mied, flat.

8.30 : DJ futs +3 . Regional softer tone, near flat except NK --160/-1.7%, further depress by stronger yen. Commodity mostly higher on weaker $ tone. CO adn GOLD +1%.

fkli : will start the day on defensive tone, targeting 60 support. fkli may sideways within 60-64 , a -ve bias range, awaiting fbm's cue. Does look like a sell mkt today. Dwward risk towards 50 if fbm.fkli trades under 60 mark.

fcpo : SO +1.5%, at 4-mth highs. Fcpo could test 2600 resistance today if it crosses above 2570 again. Above 2560 is a buy mkt, targeting a resumption of its current trend.

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