Friday, April 08, 2011

Morning start...fkli firm 1558-61 fcpo weak 3300+

DJ -17, after Japan was hit with another major earthquake and the price of oil rose above $110 a barrel. Europe -0.5% 8.25 All quiet, near flat,mixed again. Focus in commodity and FX....maybe. CO above 110 mark up 1%. GOLD scaling record high, aiming 1500. FKLI follow through tone targeting 65, if fbm stays above 60. Knee jerk 70 as fbm is seen profit taking near 70, if any. Above 57 is uptrend for next week. FCPO SO -0.8%, tug of war at 3300 and not looking good for bulls. Below 3320 bearish tone, targeting 3250.

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