Monday, March 14, 2011

Morning start....fkli bearish 1485+, fcpo weak 3340-50

DJ +60 Frid as foucs on fallen CO price instead of Japan earthquake

8..30 : NK at -500/-5%. as investor cashing out, yen strong on repatriation. Such scenario will likely last for a week. In the previous big earthquake in Kobe, shares fell 8% in the following week. KOSPI flat, DJ futs -60. CO falls under $100 mark as Japan refiners close plant and calming effect from Saudi.

FKLI
-kneejerk under 1480., seen at 80-90 range and bearish if < 1490

FCPO
-SO -0.5%. 3300-3350 trading range is expected.

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