Sunday, July 1, 2012

FKLI for 2/7/12


FKLI - End of the spot month June 2012, last Friday, and we will be beginning and looking to July's contract tomorrow. Where most people would have opened positions for July's contract even before yesterday. 

A brief cap of FKLI :

O - 1593.5, H - 1607, L - 1593, C - 1600

Right now, what we have seen and were happy from the DJIA closed last Friday night of + 277.83 points up / +2.20%. 
With Nasdaq up + 85.56 / +3%, S&P +33.12 / +2.49%.

We will all be asking, is this rally strong enough and whether can it be lasting? We will then have to watch the European bond yields next week.
And few data's from the US side to be released as well. 

Attached below is the Economic Calendar for 1st week of July 2012 :



Let's get back to FKLI July 2012


Daily chart ending @ 29 June 2012.


Weekly chart FKLI. 

Resistance @ 1606.5 - 1610 - 1615 - 1621 - 1630
Support @ 1598 - 1594

Happy Trading! 

No comments:

Post a Comment