Wednesday, June 22, 2011

Morning start..fkli firm 1568-70 fcpo firm 3220+

DJ +110, EU +1% to +2%, +ve ahead of Greece's vote of confidence, to be held by the Greek parliament after the U.S. markets close. The vote is expected to determine whether Papandreou's government has the strength to avoid a default and secure a rescue package.


8.30 : regional +1% DJ futs +20. Commodity flat.

Fkli, will fbm stagnant again, like in the past 2-day ? good chance to take on 65-75 today, just above May's highs. but 70 -75 seems kneejerk at least in AM session as fbm likely stuck near 66. If any more upside in PM after EU opens.

FCPO +SO +0.2% no big signal, fcpo is on its own again but above 3220 is +ve, for 3200-3250 play.

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