Thursday, March 24, 2011

Morning Start...fkli firm 1505-10 fcpo firm 3310-20

DJ.Europe +0.5% , shrugged off weak home sales data, which showed new home sales tumbled to a record low last month...CNN

8.30
DJ futs +6. regional near +0.5%.Commodity firmer tone. Everthing seems flattish and quiet.

FKLI
seen 05-10 in early trades, with more upside if fbm >12. But seen stuck in recent traing range of 1500-1520.

FCPO
SO +0.3%. defensive play 3300 again, 3250-3350. No clear trend yet as likely stuck with ascending triangle formation

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