Monday, February 21, 2011

Morning start...fkli firm 1520+ fcpo weak 3640+

DJ strong weekly closing, steady churning higher. Europe mixed tone as inflation fears remain.

8:30
-DJ futs -12. Regional softer tone. Commodity mostly firmer, +1%.

FKLI
-making attempts to break 20. Above 17 is bullish, targeting 30. Otherwise 10-17 range play.

FCPO
-SO -1.5%. A sell off first b4 profit take buying kicks in. Below 3650 is bearish, targeting 3600-10 today. Immediate resistance 3700 today.

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