Bollinger band reading : upside biased.
MACD Histrogram : weakening, mild profit taking by buyer.
Support : 1425, 1405, 1395 level.
Resistant : 1445, 1470, 1500 level.
Comment :
FKLI rallied again shooting up 13 points higher for the contract month of Sep 2010 in slower volume traded in sync with regional market positive development. Hourly chart shows market opened little higher and climbed upward breaking higher resistant level with the outlook still showing a upside biased market reading.
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