Wednesday, March 17, 2010

Morning gossip.... fkli strong fcpo firm

DJ +43 , after the Federal Reserve voted to keep interest rates at historic lows and Standard & Poor's did not downgrade Greece's credit rating. ..CNN. Europe +1%

8.15 : DJ futs -5. Regional near +1% gains. Commodity strong. CO +3%, the rest mostly +1%

fkli : seen testing the week high near 1316. but first it needs to clear 1312 to create intra-day bullish tone. Mar is seen opening within 1308-1310 zone. Above 1305 is intra day buy. Strong premium expected if fbm remains above 1298.

fcpo: chance to retest 2600 resistance. Jun10 is seen stuck within 2570-2600 range. A buy mkt if above 2570.

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