Monday, August 02, 2010

Morning start...fkli strong 1360+ fcpo strong 2540

DJ/Europe softer tone last Fri but best mthly gains. This week focus will shift back to Jul employment data due Fri.

8.30 : DJ futs +44. Reegional firm, +0.5%. Dollar weak > commodity strong. CO +1.5% GOLD +1% Ringgit at year high.

fkli : Aug seen catching up with fbm and trying for 60-65 range. Bullish when above 1360.


fcpo : SO +2%, providing fcpo bulls a good start to revisit 2540. A breach could send price towards 2600. Above 2520 is a buy mkt.

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