Thursday, May 26, 2011

Morning start...fkli firm 1533-35 fcpo firm 3420-30

DJ/Europe near +0.5% Commodity mostly flat but CO back above 100 mark, +2%.

8.25 : regional strong, +1% on strong CO. DJ futs +4.

Fkli likely to secure 30-40 range unless fbm dips under 30. but, expectations for mkt to head towards 40. Generally , fkli is a buy if > 30.

Fcpo SO +0.4% how high ? ....upward bias seen 50-60 and possible attempt at 3500 a move seen as kneejerk with the current SO rate. Bullish day if > 3400.

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