Bollinger band reading : side way range bound little downside biased.
MACD Histogram : turned upward again, seller closing position.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1595, 1600, 1605 level.
Comment :
FKLI closed recovered higher with little improved volume changed hand doing 5 points discount compare to cash market that closed little higher. Overnight U.S. markets closed recorded loss for the 6th strait day and today Asia markets ended mixed while European markets currently trading little lower.
Global markets traded in mixed development on current Europe political turmoil, missed economists estimate China exports data that soars 4.9% and some Asia major companies raise earnings forecast.
Technical chart reading remained suggesting a side way range bound little downside biased market development.
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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