Monday, June 06, 2011

Fkli wrap...test uptrend support line week ?




Quiet as HS/SH/KOS/TWI closed for "dragon boat" or "bakchang" holidays and weak tone prevails on DJ losses. Fbm.fkli finish near intra-day low as Europe starts the week on softer tone, near -0.5%. DJ futs mostly –ve, near flat.

Risk of a pullback towards support line, 1530-40, is greater now and it would need a closing above 1560 for a continuation of last week +ve bias tone.

No comments:

Post a Comment