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FKLI Technical Analysis - 29 June 2009

Tuesday, June 30, 2009

FKLI-SPOT formed a doji indicating uncertainty on the market. Overall FKLI traded higher intraday but low volument & closed 1 points higher @ 1080.



Trader begin to put their focus on FKLI-NEXT which is Jul09.




FKLI-NEXT begin active closed to month end closed 1077 which is 2 points higher. FKLI-NEXT also formed a doji.

Bollinger band begin to expand with candle above middle BB. MACD rounding up and a golden cross is possible with RSI showing uptrend. Support @ 1067.5 while resistance @ 1094.5.

With crude oil firming up & up coming PM announcement on libelization, the uptrend further upside for FKLI is possible.

HAPP TRADING!

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