Friday, May 27, 2011

Morning start...fkli soft 1540-43 fcpo firm 3430-40

Everything flat overnight. DJ +8.

8.30 : regional flat to -0.5%. Dj futs -4.

FKli no immediate upside but seen well supported too. 40-45 in early trades. +ve tone as long as fbm >38. Fkli dwside risk is 36 today.

Fcpo SO +1%. fcpo seen back to Thu's high, a strong resistance at the current SO lvls. Aboe 3420 is bullish.

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