Friday, December 03, 2010

Morning start...fkli strong 1505+, fcpo firm 3500+

DJ +100, building on the previous session's big gains, as investors cheered strong retail sales and welcomed the European Central Bank's plan to extend liquidity measures...CNN Europe +5%.

8.20 : DJ futs -7. Regional +0.5%. Commodity strong tone, +1%, as mkts re-focus on economic growth.

fkli : likely 1500-1510 range, with bullish tone if > 1505. Selling pressure will only pile up if <1500.> 1495, anticipating further upside next week.

fcpo :SO +0.5% initial +ve reaction but fcpo seen engaging profit take sell, as SO gains are not enough to push fcpo above fresh tech lvl near 3540. Major selling if 3386 support breaks.

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