FKLI Commentary on 26/11/08

FKLI November contract raise marginally 3 points higher compare to previous trading session at 854 with a total of 15273 lots traded in the market.

FKLI fails to uphold buying momentum during morning trading sessions and later retrace toward previous trading session closing due to weak regional and Dow Jones futures electronic trading. Technically, FKLI seems temporary supported above 850 and 840 regions; 78.6% Fibonacci figure. We expect FKLI would surge in the coming trading provided if support levels were not violated. Traders were advice to ONLY hold long position once resistance levels at875 and 884.5 were breach.