FKLI Commentary on 27/11/08

FKLI November futures contract surge 15 point higher compare to previous trading session to close at 869 with a total of 12689 lots traded in the market.

FKLI was mainly traded sideways but starts to surge up before closing despite regional indices and Dow Jones electronic trading was not trading higher significantly. Technically, FKLI price breach uptrend resistance lines to close at 869 but still yet to breach resistance levels at 871 region. traders were advise to ONLY hold long position provided if resistance levels at 871 and 886 were violated in the coming trading session. However, supports were seen at 850 840 region respectively.