DJ -20, no bounce despite high hopes amid a strong DJ futs in late Asian hours yesterday. EU also off highs near +0.5% to mostly +0.2% closing. All seems quiet after Fed discount QE3 actions. Commodity pressure by stronger US$ lately.
8.35 : DJ futs +20. regional flat. CO +0.5%
Fkli steady for the day but weaker DJ performance overnight is likely to spark profit take sell first amid a flurry of late buying yesterday. 50-55. Unless fbm > 55, trading range remains around 45-55.
FCPO SO -0.2% no breakdw seen but defensive play again. Unless SO turns +ve, risk of further pullback towards 3300-3350 play. Below 3350 is bearish. Immediate resistance is lowered to 3380.
3 years ago
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