Friday, February 25, 2011

Morning start..fkli firm 1490+ fcpo firm 3500+

DJ -30. Europe flat. Both perform better than Asian's expectations as CO slips back under 100 mark.

8.30
DJ futs +30. Regional +0.5% CO -3%, breaking its 4-day winning streak of +16%.

FKLI
-catching up following a better than expected externals. Rebound play but cautious till fbm opens, near 90 in early trades. Likely 1480-1500 consolidation range.

FCPO
SO +0.5% , giving a bulls some hope to prevent further damage but probably not enough to reverse its weekly bearish tone. Upside seen cap near 3550. Above 3450 is rebound play.

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