FKLI(Feb 2010 Contract) closed : 1250, changed : -16.5 points, volume : high.
Bollinger band reading : bearish.
MACD Histrogram : turned lower slowly, seller in charge.
Support : 1247, 1240 level.
Resistant : 1256, 1261 level.
Comment :
Weaker DJIA closed overnight lead FKLI Feb 2010 contract to open and traded lower with supportive selling volume. Hourly chart wise, FKLI still potentially trade lower with some test activities at the support area. On the other hand, despite price continue to trade lower, MACD indicator has yet to record a lower low reading shows that the downward movement is still in early pre mature stage.
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