Thursday, November 18, 2010

Fkli wrap....seen testing 1500 again....



Good holdiay break for bulls after all!
Fbm.fkli recover from early selloff as with regional.europe.dj futs especially in the afternoon. While fbm remains sluggish on GENTING, fkli takes upbeat tone, reversing Tues’ big discount amid regional strong bounce, +1% to +2%

Fbm.fkli remains in a trading sell area, below 1500, but stabilizing mode, 1490-1500. Looks like testing resistance tone for tomorrow as lower 80 seems strong support for this round of selling.

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