DJ +12, recovered from -ve territory on stronger than expected retail sales data. Europe mixed. This week 's major data , Fed meeting on Tues to decide on interest rate ( consensus : unchanged)
8.20 : DJ futs -9. Regional firmer tone, +0.2%. Commodity trading mostly lower. CO -1% Gold flat.
fkli: expect to remain dwward bias unless fbm can take out 16 resistance. fkli seen stuck at 1312-1316 in opening trades Downward bias tone if below 18 and fresh selling if 10 is broken, targeting 05. Immediate resistance is lowered to 20 from 30.
fcpo : soyoil prices slump 2% on Thu's follow through. Outgoing benchmark May10 is seen reaching for another new leg dw towards the only remaining short term SMA, 30-day, support. Trading range is seen at 2590-2630.
3 years ago
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