Overall market remained resilient with downside will be well supported towards the end of second quarter, however, market will continue its thin volume trading. For today, 7 points of premium towards the cash will keep the FKLI to havor around this level with immediate resistance is seen at 1335 – 1338 levels and the support is seen at 1328 – 1325 levels.
Overall technical landscape still in positive territory, albeit at the same time also facing with higher downside risk. Thus, investors can remain holding the long position but take opportunity for these two days to take profit and ready to sell into strength after the end of the month.
US MARKET
Another marginal weak market with the index closed lower of 5 points as crude oil prices and metal prices traded lower. Form technical perspective, the general outlook never change – bearish, with the index trading below the MA 200 and the Bollinger middle band. The immediate resistance is seen at 10195 level and the support is seen at 10080 level.
[Reminder: US will release Consumer Confidence (Survey 62.5 Vs Prior 63.3) later tonight.]
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.
Another marginal weak market with the index closed lower of 5 points as crude oil prices and metal prices traded lower. Form technical perspective, the general outlook never change – bearish, with the index trading below the MA 200 and the Bollinger middle band. The immediate resistance is seen at 10195 level and the support is seen at 10080 level.
[Reminder: US will release Consumer Confidence (Survey 62.5 Vs Prior 63.3) later tonight.]
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.
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