Morning start....fkli bearish 1495-00 fcpo firm 3500+

DJ, -230 and Europe near -2% on political concerns in Saudi Arabia weighed heavily on investor sentiment.

8.20

DJ futs +20. Regional -1%. Commodity mixed. CO -1%, off lows of -3%.

FKLI
with the wide discount already, fkli is seen near 1495-00 in early trading. Bearish if < 1500 on knee jerk fear towards 1480 if fbm dips under 1500. Fbm seen near the lower band of 1500-10

FCPO
SO +1%., enough to spark wkend profti take buy but unlikely to create strong upside momentum as sell on strength will cap upside near 3500-3550. With firmer opening call, a breakdw under 3440 is therefore a strong sell signal today.