Friday, August 19, 2011

Fkli wrap...breakdw fear towards 1430 next week...


Regional extend losses in PM after EU runs red again, -2%. Djfuts dips towards -200 from -100 in AM, KOS -6% as car exporters hit hard on fear of US slowdown. HS -3%. SH only -1% despite DB dwgrading China eco growth outlook.

Fbm.fkli also suffer tech selling pressure, following a gap dw opening below 7SMA. A weak Mon , a violation of the upper horizontal line, would see a lower trading of 1430-1480. Both finish the week with dwward bias despite spending most of the week testing resistance mark.

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