Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : getting weaker, buyer taking profit.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1485, 1500 level.
Comment :
FKLI eased lower in ultra higher volume traded as traders started to row over position toward next months contract ahead of the expire spot month contract. Hourly chart show that market opened lower and traded range bound testing middle Bollinger band support level doing pullback correction after yesterday rally with the reading calling a correction range bound upside biased market development.
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