Tuesday, April 26, 2011

Morning start...fkli soft 1522-24 fcpo soft 3350+

DJ -25 mixed tone ahead of Fed. Commodity off Mon's Asian highs. CO -1%. GOLD -0.5%. Regional mixed. NK -1% on strong yen. Fkli likely 20-defensive today, maybe strong RM will keep it above 20 but under 25 is dwward-bias and a closing under 20 could spark fresh leg dw interest. FCPO SO -0.7% back to 3300-3350 range ? Upside seen limited, a breach of 3340 support would see selling presure targeting at least 3310-20

No comments:

Post a Comment