FKLI Commentary on 10/09/09

FKLI Sep Futures contract fall back 5.5 points lower to close at 1200.5 levels as compare to previous trading session to with a total of 3,600 lots traded in the market. FKLI were traded sideways despite quite significant movement for regional indices performance and Dow Jones electronic trading during the trading sessions.

Technically, FKLI seems still manage to hold above support levels at 1198 regions despite was traded sideways throughout entire trading sessions. Based on our technical knowledge, our opinion suggests FKLI would pull back slightly lower in the coming trading session where support seen at 1194.5 and 1181.5 regions. Traders were advice to holds long position around the support levels while be alert around resistance levels at 1209.5 and 1223 regions.