Thursday, December 4, 2008

FKLI Commentary on 04/12/08


FKLI November contract retrace 4 points lower compare to previous trading session to close at 839 with a total of 5252 lots traded in the market. FKLI was traded lower during the trading session due to weak regional indices performance and Dow Jones futures electronic sudden fall leads FKLI sharp retrace from 847 regions.

Technically, FKLI seems encounter some great resistance levels at 850 regions and traded lower to test FKLI current support levels. FKLI temporary support was seen at 830 and 803.5 regions. Traders were advice to ONLY hold long position provided if support levels were not violated. Resistances were seen at 850 and 870 region.

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