FKLI Commentary on 25/09/09

FKLI Sep Futures contract traded 2.5 lower to close at 1219 levels as compare to previous trading session to with a total of 3,521 lots traded in the market. FKLI was traded sideways during trading session due to mix regional performance as Nikkei were traded higher while Hang Seng indices were trader lower during trading sessions.

Technically, FKLI still seems temporary holding above our support levels at 1206 regions after several attempts during trading sessions. Based on our technical point of view, our opinion suggests FKLI currently was in middle of crisis as uptrend would only be still intact provided support levels at 1216 and 1202 regions. Traders were advice to hold long position provided support levels were not violated at any time during trading sessions while be extra cautious around resistance levels at 1234 and 1245 regions.