Tuesday, April 12, 2011

Morning start...fkli firm 1536-40 fcpo weak 3380-3400

DJ flat ahead of 1Q earnings. Europe softer near -0.5%. Commodity slump 8.30 DJ futs -20, KOS -0.5% drag dw by NK -1.5% , following news of the fire and reports that Japan plans to raise the assessment of the nuclear crisis to "level 7", the same as the 1986 Chernobyl disaster. CO -2.5%. GOLD maintains strong footing, near -0.5%. FKLI firm at opening trades amid wide discount but likely dwtrend tone continues till mkt crosses back above 50. 25-40 . FCPO SO -2%, another fight at 3400 psychological lvl. Below 3380 is bearish, targeting 3350-3400 range

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