Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : getting lower, buyer reduce exposure.
Support : 1312, 1307, 1300 level.
Resistant : 1318, 1325, 1330 level.
Comment :
Last transaction day of the month FKLI(Mar 2010 contract) ended marginally lower in thin volume as most trader turned their focus to Apr 2010 contract. Daily chart still suggesting a side way range bound market with a little upside biased. However, base on today Apr 2010 contract turned spot month chart tomorrow that closed the day at a 10 points premium should make the daily chart turned into bullish further upside potential daily chart reading.
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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