FKLI Commentary on 19/06/09

FKLI futures June contract fall 16.5 points lower to close at 1054.5 as compare to previous trading session with total 6,631 lots traded in the market. FKLI plunge during trading session despite Dow Jones electronic and regional indices only traded weak on the closing.

Technically, FKLI seems stopped at 138.2% Fibonacci projection levels at 1052 regions. based on our technical observation, we suggestion FKLI would trade lower in the coming trading session after a mild rebound towards resistance levels 1058 and 1069 regions. Traders were advice to hold short position around the resistance levels while be alert around support levels at 1049 and 1030 regions.