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FKLI Technical Analysis - 10 Jul 2009

Sunday, July 12, 2009

FKLI closed 2 points lower after 2 consecutive of "Long" days. FKLI is in negative divergence behaviour with conract prices increase in the past 2 days but with lower and lower volume.


Bollinger Band width contracting with candle below middle BB suggesting middle BB the next resistance for FKLI @ 1067.5. MACD show some sign of rounding bottom while RSI remain neutral @ 64.7.

FKLI support @ 1055.5 follow by 1044 while resistance @ 1067.5 follow by 1091.

HAPPY TRADING!!

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