Monday, April 25, 2011

Morning start...fkli firm 1522-25 fcpo firm 3380+

Firmer start ahead of US opening after a long weekend, leads by commodity. DJ futs +15. Regional near +0.5%. Commodity near +15. GOLD at fresh record, CO at fresh mutiple years highs. FKLI sideways seen but firmer tone at upper band of 20-30 with 20 as the immediate support. Cautious if fbm remains under 25. FCPO SO +0.7% , seen testing 3400 resistance. Support is raised to 50.

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