Monday, June 21, 2010

Morning start...fkli strong 1320-25 fcpo firm 2410-20

Mixed Fri. DJ +4. Europe mixed and flat.

8.30 : But DJ futs +130 after China loosen its yuan's peg to dollar on Sat. Regional +1.6%. Commodity strong on weaker dollar. CO +2.5% GOLD +1%. Ringgit +1%

fkli : strong, seen testing above 1320 range of 1320-25 amid favorable externals. Daily support is seen at 18. Above this lvl, mkt is uptrend, towards 1320-1330 range.

fcpo : SO +0.1% but fpco seen strong on external spillover effects. Late selling seen if mkt produce big gains on stronger dollar. 2400 looks solid support today, likely taking the same range as Fri,, 2400-2420.

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