Bollinger band reading : upside biased.
MACD Histrogram : turned upward again, buyer seller battling.
Support : 1590, 1580, 1570, 1565 level.
Resistance : 1600, 1610, 1620, 1630, 1640 level.
Comment :
FKLI closed recorded gain with increasing volume exchanged with huge rollover activities doing 4 points premium compare to cash market that closed higher. Overnight U.S. markets closed recorded gains and today Asia markets ended mostly higher while European markets currently trading in positive zone.
Improved German business confident and U.S. Federal Reserve statement of accommodative monetary policy is still needed to spur jobs sent global markets to trade higher.
Daily chart study revised to suggesting a upside biased market development testing previous high resistance near 1596.
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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