Wednesday, March 09, 2011

Morning start...fkli firm 1523-25 fcpo firm 3580-00

DJ +120 after CO retreats from high as n banks surge after BoA issues a rosy multi-year outlook. Europe flat but firm

8.30

DJ futs +5. regional within +0.5% to +1%. Commodity near flat, softer tone

FKLI
another attempt to clear 20 again, fkli is ready but fbm ? Above 15, stick to upside bet.

Fcpo
SO +0.1%. seen attempting to regain 3600. Upside if > 3580. 3600-3620 neutral, up from -ve. Major resistance seen at 3650. A breakdw under 3580 could send prices dw to 3500+

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