Tuesday, June 14, 2011

Morning start...fkli firm 1543-45 fcpo firm 3250-60

Everything flat...seems cautious ahead of Federal Reserve meeting next week to discuss monetary policy ...like QE3??


8.30 : regional +0.1%. DJ futs +10. Commodity softer tone. CO -1.5%.

Fkli firm around 45 but cautious, 40-50 with further dwside risk towards 36 if fbm seen taking 40-45 range.

Fcpo SO flat, 0%, tech bounce continues if mkt > 3250 for 3300 resistance. Otherwise, sideways in neutral range of 3220-3260

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