Wednesday, May 25, 2011

Morning start...fkli firm 1525-27 fcpo firm 3370-80

All mixed and flat. DJ -20 Europe +0.2%.


8.30 : regional mixed, near flat. DJ futs -10. Commodity flat too, firmer tone.

Fkli above 20 is upside but remains sideways. Fbm upside seen cap near 37 and bounce tone if > 30. Critical support is 28.

Fcpo SO -0.1%. Major selling if 3340 support breaks, otherwise sideways as 3400 looks toppish at the current externals. 3360-90 neutral, range.

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