Tuesday, May 31, 2011

Morning start...fkli firm 1543-45 fcpo firm 3400-20

Postive tone in early Tues, Europe mixed overnight. Regional +ve. NK +0.5% despite higher jobless rate in April. commodity flat but firmer on weaker dollar factor, especially agianst the Euro as bond dwgrade news takes a backseat. RM near 3.0000.

Fkli 1540 looks good support again. To the upside, at best 45-50 in AM session
Cautious remains if fbm under 45.

Fcpo SO 0.1%. Breakdw risk under 3400 in opening trades but is likely to be well defended amid the current SO lvl. Still, below 3440 is dwward-bias tone.

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