Tuesday, January 12, 2010

Morning gossip : FKLI stready, FCPO extends losses

DJ +45 but cautious with most Europe mkts off high with commodities price retreating

8.30 am : DJ futs -20. Regional near +0.5%. Except gold, commodities mkt giving up Mon's gains, if any. -1% to -1.5%. RM off highs against the dollar.

FKLI - it does not look like a condusive environment to break 1300...so probably about the same range as yest. At best, fbm is seen parking near 1300 not a breakout. Can fbm keeps 95-00 range ? Dwside risk remains at 90.

FCPO - bulls struggle continues...seen testing major support zone 2550++ SO/CO are dw 1.5% at mom. Trading range is lower to 2550-2600 with high risk of knee jerk reaction towards 2500.

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