Thursday, May 20, 2010

Morning blues...fkli weak 1303-1308 fcpo firm 2430-50

DJ -70, minus on Euro but off lows on Fed's ecnomice positive outlook. Europe around -3%...no reprive yet.

8.20 : DJ futs +35 . Regional -0.5%. Commodity mostly recovery mode, CO +4% back above 70 mark. GOLD -2%.

fkli : with +ve DJ futs, 1300 looks suppotive but breakdw pressure remains if fbm.fkli stays under 1310. If fbm crosses above 10, this could signal a rebound for the rest of the week.

fcpo SO +1%, most commodity recover together with a rebound in Euro. Fcpo has been alternating between 2400-2450 this week and that is unlikely to change today, with the upper range insight . Unlikely to make headlines today.

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