FKLI Commentary on 21/12/09

FKLI Dec Futures contract traded 7 points lower to close at 1260 levels as compare to
previous trading session to with a total of 3,879 lots traded in the market. Wild
trading sessions for FKLI as FKLI search high and low during trading session along with regional indices and Dow Jones electronic trading.

FKLI traded lower after fail to hold above short term support levels at 1262 region during trading session. Technically FKLI would remain to seems bullish provided 78.6% Fibonacci support levels at 1256 were not violated during trading sessions else, further selling pressure would test next support levels at 1251.5 regions. FKLI must test and penetrate resistance levels at 1267 and 1281.5 in the coming trading sessions in order for weekly MACD to show strength on upside.