Thursday, May 05, 2011

Morning start...fkli soft 1510-15 fcpo weak 3240-50

DJ -80/-1% as disappointing private reports on jobs cast fear ahead of Apr job data out this Fri. Europe -1%. Commodity slide continues, GOLD -2%. Sliver dw almost 20% in the last two sessions. Regional weak tone, AUST -0.5% to KOS -1%. DJ futs +20. FKLI seen within 1510-15 first with breakdw risk towards 1500 if fbm breaks 1525 support. FCPO SO -1% acid test fo bulls, playing defending again, 3200-3250. 3200 looks strong support at the current SO lvl.

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