FKLI Commentary on 10/06/09

FKLI futures June contract rebound 8 point higher to close at 1073.5 as compare to previous trading session with total 5,766 lots traded in the market. FKLI rebound during trading as Dow Jones was traded firm despite euro equity indices plunge during overnight trading.

Technically, FKLI seem well holding above the support trend line at 1063 regions and starts to rebound to search for resistance levels. Based on our technical analyst, our opinion suggest FKLI would traded lower in the coming trading session provided resistance levels at 1078 and 1082 regions. Traders were advice to hold short position strictly provided resistant levels must not be violated while be alert around support levels at 1068 and 1060 regions.