Thursday, February 24, 2011

Morning start...fkli soft 1510+ fcpo storng 355060

DJ -100 as crude oil hit $100 mark, Europe -1%

8.25 :
DJ futs +15. Regional -0.5%. Commodity strong tone. CO +3%. Gold back near year's high.

FKLI
-no immediate 1520 but defensive first. Current external weakness is also unlikely to create a selldw towards 1500. Likely range b4 HS opens is 1505-10. 1500-20 volatility

FCPO
-SO +2%. 3500 safe, rebound play,targeting 3560. Above 3560 is strong buystop lvl signal, targting 3600 again on profit take buy. No major tech resistance till mkt moves towards 7SMA.

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