Tuesday, April 26, 2011

Fkli wrap....strong 20 support, back to resistance aleady ?

Fbm.fkli see poor start on regional losses but strong finish as Europe posts +0.5% and DJ futs recoups early losses to trade +20 in late Asian hours. Both survive a fresh dwtrend call under 1520 depsite playing defensive in AM and early PM session. 62% vol from roll ahead of expiry. Sideways remains, 20-40 flip flopping between +ve and -ve bias tone but no major trend. Regional weak on property amid fear of tightening call in Hongkong n China.

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