Wednesday, July 27, 2011

Morning start...fkli soft 1557-59 fcpo firm 3130-40

DJ -90 for a lack of debt progress. EU flat. US$ weaker Commodity mostly higher. But US bond stagnant., 10-y yield at 2.98% dw from 3%

regional -0.5% to -1%. DJfuts flat.

fkli about Tue's range but the lower band. 55-60 with dwward risk towads 50 if fbm <58.

fcpo SO +1% fcpo is seen back to recent resistance lvls, 3140-50 but a breakout is unlikely today. Above 3120 is +ve tone.

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