Tuesday, January 18, 2011

Morning start...fkli firm 1572-75 fcpo weak 3620-30

-DJ was clsed. Europe mixed, no direction.

8.30 :
All softer tone but no big moves yet, near flat line. Commodity mostly lower tone.

FKLI
- with no external help, fkli will wait for fbm cue but first, steady near 75, 72-78 range if fbm stuck in 70-74 range. Upbeat if fbm >75.

FCPO
-SO -1% . defensive again, 3600-3650 range. 3600 looks good as support at the current SO losses. Sell mkt will continue with big risk of another fresh dwward momentum if < 3650

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