Tuesday, November 23, 2010

Mornign start...fkli softer 1503-05 fcpo firmer 3200+

DJ -20 on banks weakness but off lows, of -140, on tech srength. Europe -1% on concerns about Ireland.

8.15 : DJ futs -15. Regional softer. KOS -0.25. NK clsed for holiday. Commodity mixed to firmer tone. Everything seems quiet.

fkli : likely to maintain 00-10 play but maybe dwward biasf or a start. Below 1505 is -ve tone but dw side seen limited unless fbm < 1500.

Fcpo : SO +0.4% giving fcpo a chance to recoup some of Mon's losses. Above 3200 is +ve bias for 3200-3250 range play with the current SO rate. While major sell signal is seen if < 3180, targeting 3110-20

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