Thursday, December 09, 2010

Morning start...fkli firm 1510-13 fcpo strong 3630-50

DJ +13 , Europe mixed, all small moves. Selloff in Treasury continues, yield at 6-mth high. Redeeming fund for risker portfolio next year ?

8.30 : DJ futs +35. regional +0.5%. US$ seesaws, marginally weaker than Wed. CO +0.5%. GOLD -1%

fkli : good environment to test 1510 resistance again, targeting 1510-20 range. above 1508-10 is bullish.

fcpo : SO +2%, no luck for bears. good chance for bulls to push fcpo back above 3600, and likely fresh year high today. 3600-3650 range. above 3600 is bullish, targeting 3700.

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