Friday, February 11, 2011

Morning start...fkli firm 1495-1500 fcpo soft 3900-3920

DJ -10, Europe mixed to flat. Lower but both perform better than expected.

8.30
DJ futs -30 . Regional flat. NK clsed for holiday. Commodity firmer tone. CO rebounds +1.5%

FKLI
-may reduce some discount to fbm but cautious tone will prevail. Eyes on fbm whther can sustain above 1500. If not another breakdw seen towards 1480+ is likely. Above 1500 is bounce mode, target 1515-17.

FCPO
-SO -0.5%, unlikely to deal a big blow to mkt bulls. Fcpo seen at the lower band of 3890-3950 +ve range.

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