Tuesday, February 08, 2011

Morning start...fkli firm 1535+ fcpo weak 3850-60

-DJ +70, Europe +1% as merger news triumphs over lower resources stocks amid falling CO prices

8.30
-DJ futs -2. regional +0.5% . CO -1.5% as Egypt concerns take a back seat. GOLD +0.5%

FKLI
-catching up with fbm., 35-40 , as fbm is seen re-testing 40 again but cautious as lower CO could impact HS again. Immediate support is raised to 30 from 20. Bullish tone if > 35.

FCPO
-SO -1%. Can 3850 support hold? Below 3850,, pullback mode target 3810+ today. At best for bulls 3850-3890 range.

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