Friday, January 21, 2011

Morning start...fkli weak 1560-64 fcpo weak 3700

-DJ hardly moves, marginally lower over 2-day but Asian/europe, -1% to to -2%, were under heavy pressure amid China strong GDP data, reinforcing purse tighthening effect play. SH -3% Thu.

8.20
-DJ futs -10. Regional steady near flat line. Commodity tumbles on fear of lower China demand. CO -3%.GOLD -1.5%.

FKLI
-to follow DJ or Asian/Europe ?. Anyway , expecting a weak start but myabe close off lows as fbm never posted any gains earlyy this week , like the rest.
-below 65 is bearish, with fresh momentum towards 50 i+ in the short term. Lucky if see 70 today.!

FCPO
-SO -1.5% . Fcpo seen stuck 3680-3740 range as bulls running out lukc amid a selloff in commodity across the borad yesterday.
-3680, the 7SMA s looks to be a good support today., with tug of wat within 3680-700 seen. But a dip under 3680 will likely trigger some profit take, towards 3650.

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