Wednesday, April 15, 2009

FKLI : Recap 952.0/967.5/946.5/958.5/-3.5

Most markets closed off the lows and some turned positive led by HK and SH. –1% to +1%. DJ futs also reversed early weakness and trading +25p at 5.15pm.

Cash 956.68/+3p, bullish performance today. 6-day winning streak totalling +49p. Above 950 indicates a continuation of a bull run

FKLI marginally lower but still very resilient. Selling interest came in at the high amid cash poor closing.

Immediate support is raised to 950. Trading-buy on strength as trend remans bullish, targeting 970, especially is cash breaks above 963++ . No major sell signal above 7SMA.

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