Wednesday, July 13, 2011

Morning start...fkli firm 1575-78 fcpo firm 3050+

-DJ -60, EU -1% both sharply off lows in early Asian hours.
-commodity rebounds mode as dollar retreats. CO +3%
-regional +0.5% DJ futs +20, relief buybacks.


fkli 75-85. Likely a +ve day with no fresh weekly lows expected but upside momentum will remain weak. Positive tone if fbm> 80.

fcpo SO +1% lucky bulls, fcpo seen heading resistance first, 3050, trying to reverse yesterday's negativeness, instead of critical support of 3000. Above 3030, positive.

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