Friday, January 07, 2011

Mornig start...fkli firm1565-68 fcpo weak 3800-20

-DJ -25, Europe slightly lower. Equity all small moves.
-Focus on commodities...big fall , US$ strong

8.30 :

-DJ futs -1. Regional softer tone , seen weak tone amid commodities slump.

-CO -2.5% GOld at 4-day losing streak. SO -2%

fkli

-while external weak, fkli seen taking a firm/neutral range first, in case fbm attempts 70 resistance. But selling pressure today. Tech breakdw is <64.5 for fkli targeting 60.

fcpo

-SO big swing. Fcpo is back defending, can forget about 3900. Sell mkt seen today.Can 3800 hold ?

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