Thursday, June 03, 2010

Morning vrooooom ...fkli strong 82-86 fcpo firm 2560-80

DJ +225, big swing up and dw, on lead by energy sector. Europe however, softer tone, near -0.3%

8.15 : DJ futs -5. Regional upbeat +1%. NK +2%. CO +1%. GOLD flat at 2-week high.

fkli : 80 looks like a solid support today, can target 90 if fbm > 85. For start, fkli seen at 82-86 as fbm resistance seen at 85.

fcpo : unlike CO volatillty, SO continues to stagnant, flat to softer -0.3%. fcpo seen start on ranging tone, 2460-80. Below 2468 is intra day sell, targeting 50-56 range. If above 2580, target is 2600.

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