Monday, March 07, 2011

Morning start...fkli soft 1415-20 fcpo firm 3650-70

DJ -80, Europe marginally lower on high crude oil prices factor again.

8.30
DJ futs -4. Regional within -0.5% to -1$. Commodity mostly firmer. Only GOLD and CO big gains, +2% n +3% respectively

FKLI
-looks like 10-20 range, but dwward bias seen, below 15, amid weak external but GLCs could spur surprises just yet and tech support following Fri's strong signal.

FCPO
SO +0.2%, not much to boost fcpo. 3600-3700 range. Above 3650 is upward bias.

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