Thursday, July 28, 2011

Morning start...fkli weak 1550-52 fcpo soft 3120-30

DJ -200, EU -1%, Congress remained stalled on resolving the debt ceiling, and an economic report showed a significant slowdown in the U.S. manufacturing sector. But US$ stronger.

regional -1%. Djfuts +20. Commodity mostly lower on currency and economic slowdown play. CO -2%. GOLD remains aloft, near previous record high

fkli 50-55 initial trading amid its wide discount to fbm. but dw side risk towads 45-50 if fbm < 54.


Fcpo SO -0.3%. therefore no immediate follow through buy amid weak external. 3100-3130 range play, with dw risk towards 3080 if 3100 fails.

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