Morning start...fkli weak 1420 fcpo weak 2540-50

DJ +5. Europe +0.5%..a bit of recovery after Mon's 1% losses on confidence data and rising house prices.


8.20 : DJ futs +30. Regional mixed, with NK still hangover from yesterday's 3% drop. Kos +0.5%. Commodity off Mon's low but flat.

fkli : seen pricing in a min of 0.5% pullback amid Tue's bears tone. Fkli is seen taking 20-25 till further cue from fbm. If fbm < 1420, a pullback towards 1415 is expected. While bullish tone will only take a fresh breath if fbm crosses above 1423.

fcpo : pricing a net SO -2% , CO -4%. Fcpo is seen retreating back towards 2550s, halting an attempt at 2600. 7SMA will serve as a strong support today/