KLCI Futures

FKLI as of 4/6/12

June spot month 2012 contract opened at 1558 this morning, -12 pts from previous closed at 1570. It was sold down to 1551, before ding-dong-ing between 1556 and 1551 levels. And after lunch opening it was sold down again, this time to a lower level, of 1548 upon opening and that was the support of the day as of 4/6/12 before closing at 1552. 

Did anyone make some money from today's sell down? 

Attached is my PNF chart, for reference..

Let's monitor 1552 level. Will the sell down continues tomorrow and break below 48 level, which is today's low?

The minor support as of now would be to look at 1550 level, and if 1548 were to be broken by then, it will be followed by another minor one @ 1545 and a stronger one is at 1541 level. This is a strong support level.

Resistance level is @ 1564.

 MA 100 days support has been broken today. However, i'm still not too bearish yet for KLCI / FKLI. 

Look at the break out downwards there from the chart. Both the support and resistance levels are shown in the chart as well.

As of now; time 2315 DJIA is trading at a negative 29 points, - 0.24%. Still looking flat; so far so good, without any bad news. 

GOLD is ranging at 1614.  

Let's monitor tomorrow's condition. Perhaps a fast in fast out trade would be good or probably just stay sideline, at such an uncertain moment.

 

P/S - Read some books or relax a bit, doing some shopping or makan-makan, jalan-jalan :-)

Or please check out my foodie blog at es-foodnrecipes.blogspot.com (There are some really delicious recipes there, especially the dried scallops and oysters porridge - really good!)

Goodnight...