Wednesday, May 18, 2011

Morning start...fkli softer 30-34 fcpo firm 3250+

Fbm.fkli pricing in Dj -100 points drop and Europe near -2% in 2-day. Regional mixed yesterday and +ve tone this morning near +0.5% on weaker local currency. Commodity almost flat for the past 2-day.

Fkli softer start but 30 likely to remain as support. Upside potential remains, targeting 40 closing, if fbm > 36.

FCPO SO +0.1% near recent trading range, +ve range of 3250-3300. Above 3230 is upward bias tone.

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