Thursday, July 21, 2011

Morning start,...fkli firm 1564-65 fcpo weak 3110-20

DJ -16, taking a breather after "best day of the year" yesterday. EU +1%. Strong 2Q earnings continue but debt issue supressing upside momentum.

regional flat, DJ futs +20. US$ weaker tone but commodity also weaker tone except gold. all near flat

fkli rebound tone continues, 60-70 range, likely the upper band a long as fbm > 60. But both fbm.fkli are likely to remain dwtrend, under 7SMA resistance.

fcpo SO -1% setback at start but likely to be well supported around 3100-10 after a breakout scenario.3100-3150

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