Monday, December 13, 2010

Morning start...fkli firm 1510-13 fcpo weak 3600-20

8.25 All quiet in Asian. Equity firm, commoidty weaker tone. Regional +0.2%. CO -1%

fkli : seen steady above 1510, expecting a bounce in fbm following Fri's pre-closing phase gap-dw. but unlikely to reverse chart outlook back to +ve today, > 1520. Below 1510, 1504 target.

fcpo : SO -1%. defensive tart for fcpo, if 3600 is supported, it will aim for a breakout above 3640, targeting 3700. To the dwside if 3600 breaks, 3570-80 next support.

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