Monday, February 28, 2011

Morning start...fkli soft 1486-90 fcpo strong 3580-3600

DJ +60, Eruope +1% clsing Fri fail to inspire Asian today as inflation fears dominate.

8.40 : DJ futs -30. Regional -0.5%. Commodity strong. GOLD +1%. CO +2%

FKLI
- 1480-1500 range again with dwward bias amid external weakness. Risk of a breakdw under 80 if fbm trades under 1490 today. But 1480 looks like a good support today.

FCPO
-SO +3%, a big relief for mkt bulls. First attempt to cross back above 7SMA. resistance. Knee jerk buy if >3600, targeting 3620-40. Bullish if above 3550

No comments:

Post a Comment