Tuesday, July 3, 2012

FKLI for 4/7/12


FKLI broke above 1604/05 level, and it was indeed good profit for those who have long-ed accordingly.

With a merely 5-6 points per contract, if were to close @ 11-12 level. 

O - 1602.5, H - 1614.5, L - 1602.5, C - 1612.5

Resistance for tomorrow @ 1616 - 27 -37
Support @ 1608 - 02 - 1599

DJIA +26.22 / +0.20% @ 10.28pm.

News to follow :
Factory orders rose more than expected by 0.7% vs forecast 0.2%. However, the trend in US manufacturing has appeared softer. New factory orders have declined in 3-5 months through May. 

France economy is in the "danger zone". 

Spain may need more aid despite EU Summit steps.

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