Monday, July 11, 2011

Morning start....fkli weak 1590-93 fcpo firm 3070-80

-DJ -60, EU -1% as US June job data dissappoints - barely higher than "much higher" expectations.
-commodity softer tone on stronger dollar amid on-going US debt-ceiling talks
-regional softer tone Mon, near -0.5%. Commodity weaker on stronger $, CO -2%. DJfuts -50.

fkli 90-00 again. ? Generally bullish if fbm>90 but given last week toppish outlok and a lack of bullish external, 1600 looks a tough nut to crack today. but dwside seen limited a mkt is trending higher

fcpo SO flat. fcpo will rely on internal momentum to stay in +ve zone , > 50. but crossing above 3100 may face strong resistance again.

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