Thursday, June 23, 2011

Mornng start...fkli soft 1560-63 fcpo weak 3160-70

Negative take on Ben but not bearish too. NO new news, recovery but slow. No QE3. DJ -0.5%.EU -0.2%. Commodity flat.


8.30 : Regional -0.5%, DJ futs -16. CO +1%.

Fkli trading range is lowered to 55-65 from 65-70. Most likely 60-65 wiht fbm seen at 60 support.

Fcpo SO -0.5% fair seen at 3170-80 but danger of kneejerk breakdw underv 3150. Below 3180 is bearish play.

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