DJ +17 , fight back early losses after Moody says that there is no imminent rating pressure for the United States or the other countries. Europe off near -1%.
8.20 : DJ futs -2. Regional flat soft tone. Commodity taking another beating . CO -1%. Gold flat, near 1105-1110 for the past 4-day or so.
fkli : enough for mkt to stay real close to 1300 but probably not enough to create significant upward momentum. fkli is likely to trade within 1300-1305 fisrt on expectations that fbm will bounce back above 1300. Jittery will set in if fbm breaks 98. Otherwise, intra-day buy.
fcpo : soyoil slide continues..near -2% on CO weakness. Fcpo prices are seen opening about RM30 lower. New benchmark June10 is seen trading plus minus 2550. No position buy signal expected today only intra day trading buy.
3 years ago
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