Thursday, August 19, 2010

Morning start...fkli firm 87-90 fcpo weak 2590-2600

DJ +9. europe -0.5%...all mixed.

8.25 : Dj futs +3/ Regional taking +ve mode, +0.5%. Commodity flat and mixed tone too. RM very strong today...foreign buyign bond or stocks ?

fkli : looks set to take on 85-90 range on expectation of fbm's strength. Above 85, bullish with potential of knocking on 1400 door. Weakness seen limited to intra-day moves but cautious if < 84.


fcpo : SO -1%. 2600 looks very vulnerable and risk of 2550-2600 play, 3-week low range. Below 2590 bearish.

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