Mornign start...fkli firm 1573-75 fcpo firm 3780+

-DJ and Europe small small moves, ahead of 4Q10 earnings report
-4Q10 seen upbeat, better than 3Q.

8.15 :
-all small moves too. DJ futs -15. regional flat. Commodity firmer, +0.5% after some selling activities in the past 2-3 day

Fkli
-above 70 but unlikely to sustain above 75 till fbm >73. Fbm bullish if > 73
-knee jerk buying if > 1580 b4 fbm starts.
-upside if >70, otherwise target 55-60

FCPO
-some recovery seen, SO +0.5%
-upside target 3800-3820, remains a sell mkt if a closing under 3820 but +ve if > 3860