Monday, July 04, 2011

Morning start...fkli strong 1590 fcpo firm 3030-60

DJ finished last week on buliish tone, 5-day winning streak +650, ahead of Jun employment data Fri and receding worries of a Greek default. EU +1% last Fri. Commodity flat and firmer tone.

8.30 :regional +1%. CO +0.5% Risk appetite up, gold dw, under 1500 mark, near 2-mth low.

fkli 1600 ? knee jerk yes, likely 85-95 range near 90. Likely to maintain bullish tone, above 80.

fcpo SO +0.3% . breakdw risk remains, if 30 does not hold. but seen starting on a firmer tone first.

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