Thursday, February 10, 2011

Morning start...fkli soft 1525+ fcpo strong 3950

DJ +6, Europe -0.5% . DJ winning streak continues but all small gains....hardly inspiring

8.20

DJ futs -10. Regional -0.5% Commodity mixed, quiet.

FKLI
-fbm seen at 1530-35 range. Fkli will play defensive but 1520 looks good support due to the built in discount. Upside seen lmited to intra day buy signals.

FCPO
-SO +0.5%. 3900-3950 upper range looks secure but a move towards 4000 ? Fair seen near 3950 at the current SO rate. Above 3900 bullish.

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