Bollinger band reading : downside biased.
MACD Histrogram : up and down, seller market
Support : 1318, 1310, 1300 level.
Resistant : 1325, 1330, 1337 level.
Comment :
Overight DJIA negative closed plus weaker major Asia market development lead FKLI to opened and traded lower with high volume changed hand and managed to do 1 point premium compare to cash market. Hourly chart showing a downside biased market with temporary correction taking place after market opened gap lower.
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