Morning start...fkli firm 1520+ fcpo weak 3330-40

DJ -120, Europe near -1.5% amid a rash of pessimistic U.S. economic growth forecasts. Feb trade activity dw, analyst fear of weak 1Q, IMF dwgrades US/JAPAN GDP. 8.40 DJ futs +33, regional rebound tone, +0.5%. Commodity tumbles on US factor. CO -3.5%, single day % drop in 2-mth, GOLD softer, flat. FKLI breakdw risk, 1500-10, remains but firmer toen in opening trades first, 20-25 if fbm steady above 25.But no major upside seen till fbm above 30. Bearish if udner 20, especially fbm. FCPO SO -2%, big test for bulls as prices heading towards recent major support lvl. Below 3350 is bearish.