Tuesday, March 08, 2011

Morning start...fkli soft 1515-20 fcpo soft 3670-80

DJ -70, Europe near -0.5%, blaming the oil.

8.20
DJ futs +24. regional flat. Ciommodity taking a breather, -1%.

FKLI
another defensive play, maybe similar pattern like yesterday. While DJ overnight weak, regional and Dj futs behave +ve this mrng, so no breakdw foresee. Stuck in 10-20 again.

FCPO
SO -0.8% , 3700 have to wait. 3660-3700 seen. Fresh sell signal if < 3660. Otherwise, neutral range eyeing 3700 breakout.

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