Thursday, November 18, 2010

Morning start...fkli weak 1485+ fcpo bearish 3180-3200

Bearish Tues, recovery Wed. DJ flat Wed after a 180 plunge Tues. Europe near +1% ovenight.

8.15 : DJ futs +15. Regional firmer, +0.2%. Commodity lower tone on stronger US$. Pricing in CO -4% GOLD -1%.

FKLI : escapes yesterday regional -2% but -ve tone will prevail, maybe no breakdw under 80 amid fkli wide discount but likely to take 80 90 range unless fbm steady above 1500.

FCPO : SO -3.5% , fcpo seen near 3200 at the current SO rate. Target 3160 if 3200 fails. Upside target 3230.-60 range

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