Tuesday, March 01, 2011

Morning start..fkli firm 1485-90 fcpo firm 3500+

DJ ends Feb on upbeat tone for a lack of fresh violence in Libya. A bumpy ride in Fed. Europe mostly higher

8.30
DJ futs +13. regional +1%. Commodity mostly lower. CO -2%.

FKLI
time for Mar to catch up. 1480-1500 remains hopeful for mkt bulls if fbm > 1490. Fresh selling seen if fbm dips under 1489 today.

FCPO
SO +1% , enough to push fcpo bakc near 3500 and likely to take 3450-3550 familiar range with upward bias if >3500. No big selloff seen if 3420 support stays.

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