FKLI closed : 1278, changed : +4 points, volume : Lower.
Bollinger band reading : Still bullish with a little overbought.
MACD Histrogram : Continue higher, buyer still in.
Support : 1270, middle Bollinger band.
Resistant : 1283 level.
Comment :
Spot month FKLI candle closed a little above the upper Bollinger band suggest that market could be in overbought condition with possible pullback effect happen anytime. Market could trade side way range bound from here for FKLI spot month. Looking at the volume transacted, trader might consider trading Jan 2010 contract that registering higher volume.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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