Thursday, December 16, 2010

Morning start..fkli firm 1505-10 fcpo weak 3650-60

DJ -19, europe -0.3%, small losses compared to Asian yesterday. europe mess asian pain.

8.20 : Dj futs -15. regional softer tone, -0.1%. commodity mixed to lower, pressure by stronger US$. Gold -1% CO +0.5%

fkli : initial recovery mode seen towards 1510. so 1500 seems safe at mom but cautious for the day till fbm > 1512. even so, 1510-15 top.

fcpo : SO -1% . testing support again but looks steady on follow through later following yesterday strong rebound tone, maybe missing a breakout above 3700 unless SO recovers back above 55 mark. 3650-3700 is neutral play.

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