Friday, July 01, 2011

Morning start...fkli strong 1583-85 fcpo weak 3050+

DJ +150, EU +1%, 4 -day strong winnning streak taking advantage on the latest positive developments out of Greece and +ve expectations ahead of 2Q earnings report.

8.30 :regional near +1%. Djfuts -1. Commodity mixed. CO +0.5%, the rest mostly lower, near -1%.

fkli ready to tackle 80s. 80-85 mostly and profit take sell above 85-90 ahead of the weekend. Bullish tone with fbm > 75.

fcpo SO -1.4% 3000 support in danger again. looks like a bear mkt today 3000-3080. 3000 likley to maintain as uspport today but breakdw risk increases next week if fcpo finishes under 3040.

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