Tuesday, December 28, 2010

Morning start..fkli flat1513 fcpo firm 3770-80

DJ 18, quiet reaction on China R% hike. Europe near -1%. but commodity firmer tone.

8.40 : DJ futs +5. Regional mixed to softer tone. CO -0.5%.

fkli : seen steady, 10-15, but no upside momentum till fbm > 13. Till then, pullback risk is greater especially if fbm < 10.

fcpo : SO +0.5% fcpo seen testing 3800 if above 3750 even though overdone yesterday. Strong support is raised to 3650.

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