Tuesday, July 12, 2011

Morning start...fkli weak 77-80 fcpo flat 3070-80

-DJ -150 , twice as much compared to DJfuts in late Asian trading yesterday. EU -1% to -2%
-Italy fault, equity weak, dollar strong, commodity weaker, -0.5%.

fkli 75-85, already built-in discount would likely keep fkli near 80 first but a negative as fbm is seen taking 80-88 range.

fcpo SO flat and no moves. fcpo is waiting for a breakout of 3050-3100 range.

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