FKLI closed : 1524.5, changed : +0.5 points, volume : lower.
Bollinger band reading : pullback correction upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 1515, 1505, 1500, 1494 level.
Resistance : 1530, 1540, 1550, 1565 level.
Comment :
FKLI closed 1 tick higher with thin volume changed hand doing 1 point discount compare to cash market that closed recorded small gain. Overnight U.S. market closed slightly lower and today Asia markets ended mixed while European markets trading mostly higher.
Global markets traded mixed after news on weaker Japan trade data, China slower inflation level lead to speculation of easing monetary policy and markets awaits Italy and Spain bond auction development.
Pullback correction upside biased market development phase still.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.
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