Wednesday, June 08, 2011

Fkli wrap...same range as Tue..not good for bulls


Despite a firmer fbm tone, fkli stuck in –ve zone amid poor external sentiment. First , HS near -1% performance AM, then EU -1% performance in PM. DJ futs tracks EU, at -50, from flat. Fbm derives strength from CIMB and GENTING.

Fkli takes the same range like yesterday, dipping under 50 in PM. Both fbm.fkli are seen sliding towards uptrend support line for the remaining week. Immediate resistance is lowered to 55.

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