Monday, March 07, 2011

Fkli wrap....bulls defending well..still fresh from Fri's run

-internal momentum support, no breakdw but mostly cautious all day on Libya/CO concerns. Sideways in –ve zone, 10-15, b4 a late surge after 4.45pm on the back of strengthening DJ futs and Europe. Dj futs +2 from -40, Europe +0.2% after a soft opening, in late Asian hours.

-technically, a neutral day but favoring bulls following a strong closing based on +ve expectations rather than freshly ignited momentum. A strong run only if fbm >20.

-above 1510 is bulls court.

No comments:

Post a Comment