Thursday, December 02, 2010

Morning start...fkli strong 1490+ fcpo strong 3500+20

DJ +250, European concerns taking a backseat as investor welcomed news that economists at Goldman Sachs raised their forecast for U.S. growth next year to 2.7% from 1.9%. ..CNN. Europe +2%.

8.20 : DJ futs +20. Regional +1% to +1.5%. Commodity strong too, +1.5%.


fkli : a big relief for bulls, another chance to park at upward-bias zone of 90-00. Dwside seen limited at 85 while an attempt at 00 is possible, a convincing breakthrough is unlikely today.

fcpo ; SO +2% expect a gap up opening above 3500 lvl. watch out for profit take activities if > 3550. Fcpo current valuation is expensive in relative to SO, only discount US$30-40 per tonne

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