Thursday, March 04, 2010

Morning gossip.fkli firm fcpo strong

DJ -10, cautious ahead of Feb's employment report due Fri. While European shares gained 1% as Greece's default seemed unlikely.

8.20 : DJ futs -4. Regional flat to -0.1%. Commodities strong at year's high with softer dollar. Gold and CO up +1%.

Fkli : like yesterday, no much incentives to really challenge 90s. Likely to see follow-through profit take activities while bargain remains at lower end of 80. May10 is seen stuck within 80-88. Below 88 is a trading sell mkt.


Fcpo : SO +0.5% , reaching for 2-mth high lvl near 41.00. May10 could trade at a fresh and bullish range of 2640-2660. Immediate support is raised ot 2620 from 2600.

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